Sharp drop in online banking fraud

Online banking fraud in the Netherlands is dropping as banks and customers get more used to dealing with online banking in a safe and secure way. During the first half of this year damage due to online banking fraud amounted to 148 thousand euros, a drop of 80 thousand euros compared to the same period last year, according to figures for the Dutch Association of Banks and the Payments Association Netherlands, ANP reports The drop in online banking fraud damage is especially impressive when compared to the first half of 2012, when the damages reached a peak of 24.7 million euros - over 167 times more than this year. The Payments Association attributes the decrease to the fact that banks are better at detecting online banking fraud attempts, and consumers are better informed about the scams criminals use to gain access to their money.