Criminals posing as banks’ anti-fraud teams to drain high

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UK businesses, charities and other high-value bank account holders are being warned about a scam which often starts with a phone call and ends with criminals taking control of victims’ computers and online banking to drain accounts.

Fraudsters are using software to steal tens of thousands of pounds, with the amounts stolen from some individual accounts exceeding £1 million, according to intelligence from the Cyber Defence Alliance (CDA).

In the run-up to international fraud awareness week (November 16 to 22), the CDA has teamed up with fraud prevention service Cifas and