‘Remote purchase’ fraud in UK surges as customers tricked into disclosing passcodes

Banks say every day 7,000 incidents take place where scammers get people to disclose unique set of numbers

Banks are reporting a surge in a type of fraud where customers are tricked into disclosing online login passcodes they are sent, which has helped to fuel a 22% jump in crimes where scammers go shopping using people's stolen details.

The banking body UK Finance revealed that remote purchase" fraud hit its highest-ever level in 2024, with almost 2.6m cases logged, which works out at more than 7,000 incidents a day, or almost five a minute.