Consumer watchdog Which? demands stronger measures to combat the surge of fraudulent banking websites as the UK gears up for its next general election, highlighting the risk to personal and financial information.
The consumer group Which? has issued a call for the next UK government to implement stronger measures to combat the issue of copycat banking websites. These fraudulent sites, which mimic the online presence of major UK banks such as HSBC UK, Lloyds Bank, NatWest Group, and Santander, have become an increasing concern. In 2023, over 2,000 URLs imitating these major banking brands were found on phishing blocklists, posing significant risks by tricking individuals into revealing personal and financial information.
Which? has emphasized that with the impending election, it is crucial for the government to make the fight against online fraud a priority. The group is advocating for legislation that would impose legal obligations on domain registrars, making it more difficult for scammers to set up such deceptive websites.
In response, major UK banks have affirmed their commitment to protecting customers from online fraud, highlighting their use of advanced technology and collaborations with law enforcement to detect and dismantle fake websites. Additionally, the government has acknowledged the seriousness of this issue, pointing to initiatives like the national fraud squad and the Suspicious Email Reporting Service as part of its efforts to combat online scams.
Which? director of policy and advocacy, Rocio Concha, has stressed the importance of fraud prevention being put on the national agenda, urging a collaborative approach between stakeholders to enhance consumer protection against online fraud.