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.

Read more…