Eye watering levels of payment fraud

Issue 484 | 12 May 2023

Eye watering levels of payment fraud

UK Finance have published their annual fraud report stating that over £1.2 billion was stolen by criminals through authorised and unauthorised fraud in 2022, equivalent to over £2,300 every minute.

Fraud has a devastating impact on victims and over £1.2 billion was stolen by criminals last year. The banking and finance…