UK Financial Fraud Nears £400 Million

FFA UK is urging organizations to improve security in order to prevent the breaches that are fueling fraud.

By Phil Muncaster

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.

To read the entire article, please click here.