Suella Braverman pledges to stop 'text scam misery' under government's fresh plans to tackle fraud
By Emma Soteriou
And banks will be allowed to delay payments from being processed for longer to allow for suspect payments to be investigated.Read more: Sim farms are devices that can be loaded with hundreds of sim cards and are controlled from a computer. Fraudsters use them to send thousands of scam texts at once. Ms Braverman said fraud accounts for 41% of all crime across England and Wales and more than 3.7 million offences were reported last year - costing nearly £7 billion.
Mr Browne said: "The tech sector, phone companies and financial services firms must take responsibility for protecting their users by stopping fraud happening in the first place, and work together to design out fraud.
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