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Invoice and CEO Scams Dominate Fraud Impacting Businesses
May 29, 2023, 5:18 p.m. |
BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com
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.
britain businesses ceo finance financial financial services fraud losses payment payment fraud scams sector services trade
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