More effective monitoring and better information for consumers appears to be helping reduce the amount of fraud involving internet banking, the Dutch banking association NVB said on Tuesday.
The damage caused by internet-based fraud totalled nearly €25m in the first six months of last year, but fell to €10m in the second half, the NVB said.
Damage caused by ‘skimming’ – the process of copying bank cards by attaching scanners to ATM machines and other readers – fell to €29m last year, compared with almost €39m in 2011. This was partly due to the introduction of new chips and blocking technology, the NVB said.
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