Online Banking Fraud up 8000%, UK Report

Be careful out there! Be sure to run the appropriate anti-phishing software in browsers and securty software on desktops and networks.

Online banking fraud 'up 8,000%'
From BBC News

Phishing for bank customers has boomed this year The UK has seen an 8,000% increase in fake internet banking scams in the past two years, the government's financial watchdog has warned.

The Financial Services Authority (FSA) told peers it was "very concerned" about the growth in "phishing".

Phishing involves using fake websites to lure people into revealing their bank account numbers. The amount stolen is still relatively small but it is set to go up by 90% for the second year running, peers heard.