Bernard Hogan-Howe’s comments are a recognition that things cannot continue as they are: banks are fighting an expensive, losing battle against cybercrime, and carrying the can for the overall slow response to the explosion in online fraud. Cybercrime has moved on, and while people do need to take more responsibility for their use of technology, his proposals aren’t the solution. In the last decade, cybercrime has industrialised. It’s no longer the preserve of a small...
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