Phishing scams mainly responsible for 55 percent increase.

Phishing scams mainly responsible for 55 percent increase in online banking fraud in U.K., reports computer world.

The loss figure of $42.8 million isn't broken down by individual financial institutions as per Association for Payment Clearing Services (APACS).

97% of the credit-card transactions within the U.K. are handled by HSBC Bank PLC and Barclays PLC.

Through phishing, criminals try to capture financial details through fraudulent e-mails and sophisticated fake banking Web sites. Account numbers, log-ins and passwords are often then sold online to other fraudsters who try to turn them into profit.

Surely a big chain of professional thieves are roaming the cyber space.

Almost all the e-commerce web sites are relentlessly warning user to check the websites and look for fraudulent SSL certificates.

I would say the users are also responsible of their losses.