Tag Archives: National Westminster Bank Plc

Phishers Force UK Banks To Delay Transfers

By | May 14, 2005

Another sign that phishing is taking its toll on the quality of service banks can offer online customers: The Times reports that UK banks are introducing delays in intra-bank payments to try to combat fraudulent transfers caused by phishing attacks: This week Barclays introduced a one-day delay for transfers. A spokeswoman said: “This delay enables us to carry out… Read More »

Counting The Cost Of Online Crime

By | February 26, 2004

Phishing is beginning to bite. British police at a high-tech crime congress (noted by USC Annenberg Online Journalism Review) say that 83% of Britain’s 201 largest companies reported experiencing some form of cybercrime. The damage has cost them more than £195 million ($368 million) from downtime, lost productivity and perceived damage to their brand or stock price. Much… Read More »