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British bank customers are at higher risk of being targeted by fraudsters than people elsewhere in the world, figures from HSBC show.
More than 80 per cent of fraud losses suffered by personal customers at the international lender are in the UK, even though less than 20 per cent of its business is in this country.
The revelation came after David Lindberg, chief executive of retail banking at NatWest, described the UK as a fraudsters’ paradise.
Figures from HSBC show more than 80 per cent of fraud losses are suffered by customers in the UK
Lenders including HSBC are also blaming internet giants such as Google, Facebook and Microsoft for hosting swathes of scam adverts on their sites, which lure in unsuspecting customers.
Stuart Haire, head of wealth and personal banking at HSBC UK, said the bank employs more than 10,000 anti-fraud staff across the world to keep customers safe.
Data from City watchdog the Financial Conduct Authority
