Invoice and CEO Scams Dominate Fraud Affecting Businesses

UK Financial Services Firms Record $1.5 Billion in Losses Last Year Due to Fraud
Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.

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