New Fraud Taskforce aims to curb financial fraud and cybercrime by facilitating stronger collaboration among banks, government and law enforcement. Theresa May, Secretary of State for the U.K.’s Home Department, Theresa May announced the taskforce last week. Critics say the task force’s formation is more about spinning positive publicity than coming up with a strategy that can actually make a difference in reducing fraud losses. In October 2015, a study noted that e-commerce fraud losses totaled .217.4 million (U.S. $87.8 million)”]
Source: https://www.bankinfosecurity.com/uk-taskforce-a-8871