MSE News: MPs demand answers from banks on 'understated' fraud figures

Where are those understated figures? In each of the annual reports?

EDIT: found a comprehensive x-industry report on the Financial Fraud Action site:

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0CEIQFjAD&url=http%3A%2F%2Fwww.financialfraudaction.org.uk%2Fdownload.asp%3Ffile%3D2796&ei=M_-FVP0Mwa1TgPqB4A8&usg=AFQjCNEvMxRo46wF-asByejUz36SOWHKKw&sig2=rrTmTYIwoG69lNKcRQemGA&bvm=bv.80642063,d.d24

Butterfly_Brain wrote: »

Why haven't the banksters been jailed?

Why? Because so far only a senior researcher in security economics at the University of Cambridge has suggested that banks are understating online fraud figures. Nobody has yet taken any bank or banking organisation to court over this, and I doubt anybody ever will. What would be the crime in publishing statistics that are not taking into account what a researcher and some politicians in the run-up to a general election think should be taken into account?

Luckily nobody get thrown into jail in our country without a proper trial.

If you are a bank you are responsible for safekeeping of money you hold in trust for your customers. At no point, contrary to the rash assumptions made daily by banksters, does the bank own that money.

If you choose to fraudulently misrepresent the risk not only to your customers but to your government, you deserve being thrown into jail at HM pleasure with or without a proper trial.

I think police have better things to do without creating reams of paperwork and spending days in front of a bunch of overpaid legal parasites to simply confirm the bleedin' obvious has occurred yet again at numerous household name yet untrustworthy financial institutions.

Carry on the way they do, then banksters can expect no mercy from the feelings of the majority.

Banksters have not been behaving like caring humans so why should we care if it is easier to just take them off the street and forget the niceties? How are banksters more deserving than Guantanamo inmates anyway?

agarnett wrote: »

Carry on the way they do, then banksters can expect no mercy from the feelings of the majority.

Banksters have not been behaving like caring humans so why should we care if it is easier to just take them off the street and forget the niceties? How are banksters more deserving than Guantanamo inmates anyway?

..and nor do you care about how many workers die and are poisoned out in India, China, Vietnam etc in appalling working conditions and H&S just so that you can get cheap computers, cheap T-shirts and the rest do you?
All you want when shopping is the lowest cost.

But of course it is all out of sight out of mind out there a long way away in the Far East from you isn't it - so you can pretend it isn't happening or that it isn't your responsibility.

You and the rest of the UK's consumers are no better than the bankers you all profess to hate. Try looking in the mirror.