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 counter this evolving threat and its impact beyond financial losses. Efforts to Combat Fraud In response to…
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Source:TripWire – Stefanie Shank