HBOS to extend security system to debit cards after major reduction in online fraud

摘要

Banking group HBOS plans to roll out anti-fraud technology, developed to identify suspicious credit card transactions on the internet, to 10 million debit card holders, after achieving a major reduction in online fraud. The organisation, whose high street banks include Halifax and Bank of Scotland, worked with a supplier to develop the technology last year. It has cut losses through online credit card fraud by 80% and expects to make further savings by extending the technology to other areas of online banking.