FFA UK is urging organizations to improve security in order to prevent the breaches that are fueling fraud.
Financial fraud in the first half of the year reached £399.5 million and was driven mainly by online attacks, according to Financial Fraud Action UK.
The latest stats show an increase in fraud by 25% on the same period last year, when total losses stood at a little over £320 million.
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Source: http://www.infosecurity-magazine.com/