During the most recent The Payments Association (Payments Association) Financial Crime project meeting, we were all reminded of the Take Five to Stop Fraud campaign; simple & practical advice being made available to help everyone across the UK protect themselves from preventable financial fraud. Staggering to think that Financial fraud losses totalled £768.8 million in 2016. While the ‘innovative systems’ of the banks and other financial service providers may have stopped £6.40 in every £10 of attempted fraud, clearly – more needs to be done. Having reminded everyone across the W2 business this morning about the Take Five to Stop Fraud campaign; we took the opportunity to share the short introductory 30 second video as well as the headline advice from the website.
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