Online Fraud Up

Online banking fraud is a fast growing problem according to APACS - The Association of Payment and Clearing Systems - .

Losses from online fraud doubled in 2005, hitting £23.2m, due to the rise in email phishing scams. And last year internet, phone and mail-order transactions - and card-not-present fraud - rose by 21 per cent to £183.2m.

Identity theft emails, - phishing attacks - , cost banks £12m last year, according Apacs.