<ul><li>British banks, tech companies and telecoms are pledging to increase data-sharing on fraud.</li><li>Real-time exchanges of fraud indication data, such as unusual transactions and suspicious URLs, will help detect scammers faster.</li><li>Banks involved include Barclays, HSBC, Santander, and Lloyds, along with tech giants like Amazon, Meta, and Google, and telecom firms BT and Three.</li><li>Fraud accounts for 41% of offenses in England and Wales, costing an estimated $8.8 billion per year.</li></ul>

UK Banks Agree to Improve Data-Sharing in Anti-Fraud Battle

Discover more