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Four frauds banks fear after the crisis
The financial schemes launched by the government to tackle the effects of coronavirus may have emboldened fraudsters. We look at some key trends affecting financial services. By Financial Services Faculty Commissioning Editor Brian Cantwell.
Since the beginning of the coronavirus lockdown, financial regulators and the Bank of England have warned that scammers will adapt frauds to the changes from coronavirus.
Whether this was through the coronavirus job retention scheme, mortgage and credit payments holidays, or the various business and financial support schemes set up to support the economy, there are now many more channels with which fraudulent actors can deceive their marks.