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Posts Tagged ‘fraud’

by Peter Warren and Michael Streeter

GOVERNMENT plans for an identity card could cost UK businesses a massive £3bn in hidden expenses. Experts have warned that switching from National Insurance numbers to biometric ID cards will cause huge knock-on administrative burdens to industry.

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Written by Peter Warren

SOPHISTICATED online fraud, known as ‘phishing’, has cost UK financial institutions at least £60m. Attacks are said to have cost three large British firms £20m each in compensation for defrauded customers and in upgrading their internet security.

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