Which? response to UK Finance's half year fraud report
Rocio Concha, Which? Director of Policy and Advocacy, said:
"Fraud continues to rise, with shocking increases in investment and romance scams, which can be particularly devastating - both financially and emotionally - for victims. Many of these scams originate online, so it's crucial that Ofcom uses its powers to get tough with tech platforms not doing enough to protect their users.
"These figures are also a damning indictment of the failure of successive governments to produce a coherent strategy that brings together government departments with law enforcement and key industries to fight fraud effectively.
"This government must use its new fraud strategy to show it is treating fraud as a national priority and that it will finally get tough with the weak links that are allowing fraud to flourish in particular online platforms."
