In the Media

Firms losing millions to phone fraudsters – insurer

PUBLISHED October 2, 2015

Three firms have between them lost £2.5m to phone fraudsters in recent months, an insurer said today - warning that this represents only a small part of an epidemic of crime. Office accounts as well as client accounts are being emptied by 'incredibly clever' callers posing as bank employees, Jason Smart (pictured), chief executive of professional indemnity insurer Elite, told the Gazette.

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