The consequent improvement in households’ economic conditions is partly due to net job creation. Employment has been increasing since the second half of 2014, though with some fluctuations in the monthly data. The growth is wholly attributable to payroll employment, which has now exceeded pre-crisis levels, while the number of self-employed workers has continued to fall.
But while banks’ customers have become techsavvy and started using online banking services and products, evidence suggests that even fraudsters are devising newer ways of perpetrating frauds by exploiting the loopholes in technology systems and processes.