So far £48million of losses have been reported to Action Fraud, but the real figure is likely to be far higher. Some of the UK's biggest consumer banks – including Barclays, HSBC, Santander, Lloyds, Halifax – were the mostly commonly imitated. In a slick video to advertise to would-be criminals on encrypted messaging app Telegram, iSpoof branded itself 'the number one spoofing service'. DSI Rance, who leads on cyber crime for the Met, explained how iSpoof users would defraud their victims. 'Instead of just taking down the website and arresting the administrator, we have gone after the users of iSpoof,' she added.

Source: Daily Mail November 25, 2022 03:51 UTC