Banks not doing enough to combat Britain’s £10bn online financial crime surge, MPs warn

Banks are not doing enough to combat Britain’s £10bn (€11.3bn) online financial crime surge, MPs have warned.

Banks are not doing enough to combat Britain’s £10bn (€11.3bn)online financial crime surge, MPs have warned.

The Commons Public Accounts Committee (PAC) said banks need to take more responsibility for preventing cyber-related fraud which is now the most common crime in England and Wales.