BRITISH households lost a staggering £2million every day last year as a result of financial fraud.
Official figures show that the overall scale of financial fraud in 2016 was £768.8million, up from the £755million lost in 2015.
Consumers lost the money through payment card and cheque fraud, as well as remote banking fraud, which covers internet banking, telephone banking and mobile banking.
The data, from the banking industry body Financial Fraud Action UK, shows that banks and financial firms are still failing to combat the growing threat of fraud in Britain.
It means almost three quarters of people (74 per cent) are worried about falling victim to financial fraud, while more than six in ten (68 per cent) expressed the same concern about their families.
FFA UK released the figures to coincide with a new campaign to encourage people to pass on scam prevention tips to their friends and family.
The “Take Five Day” campaign launches today and will involve staff in more than 6,800 UK bank branches talking to customers about simple ways to protect against fraud.
They will also encourage them to tell five other people about steps they can take.
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