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The amount of cash stolen in the first half of 2006 was £23.2m, the committee was told, and was likely to be £22.5m in the second half of the year. The amount stolen is still relatively small but it is set to go up by 90% for the second year running, peers heard.The increase was put down by Apacs security chief Philip Whitaker to better detection.
I wish I was in a position to state that over £40 million worth of fraud/theft in a year was 'relatively small'... And, sorry, run that by me again. The rise in theft is because of better detection methods, or they're only just becoming aware of the extend of the crimes?
He also rejected a call for banks to routinely inform customers of security breaches involving their details, such as when a bank employee's laptop was stolen....banks did not want to cause undue alarm to customers, as had been in the case in some US states, where customers were constantly given such information.
Don't want customers to see the scale of the problem, more like. Perhaps they can recover the money by increasing customers' bank charges. Hmm, UK banks in 'contempt for customers' shocker...
Syzygy
[edited by: Syzygy at 12:22 pm (utc) on Dec. 14, 2006]
Still more safe to keep your life savings under your bed?
edit -- fixed words.
[edited by: rj87uk at 12:58 pm (utc) on Dec. 14, 2006]
Still more safe to keep your life savings under your bed?
Nope, the best thing to do is keep your life savings under my bed ;-).
