( June 14, 2026, 23:02 GMT | Official Statement) -- MLex Summary: The UK banking sector has once again demanded that online platforms do more to help preventing fraud. Trade group UK Finance said in its Annual Fraud Report that payment fraud has increased by 4 percent in 2025, with £1.28 billion stolen. The group said that 66 percent of fraud cases are enabled by online sources and 17 percent are enabled by telecommunications. "The financial sector invests huge amounts in protecting customers, but we cannot be the only line of defense," Ruth Ray, managing director of economic crime at UK Finance, said.Report is attached....
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