UK Finance Reports Slight Decrease in FinTech Cyberattacks

Overview of UK Finance's Report The latest report from UK Finance paints a mixed picture of financial fraud in the United Kingdom, with losses exceeding £500 million in the first half of the year. However, amidst these concerning figures, there is a glimmer of hope as cyber fraud rates have shown a slight 2% decrease from the previous year. This report offers a comprehensive view of the financial fraud landscape, emphasizing the need for continued vigilance and innovative solutions to …

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