Key takeaways: With AI know-how, cost fraud and fraud prevention have develop into extra advanced and complicated. Each monetary information house owners and companies that settle for unlawful funds are straight affected by cost fraud. The very best cost fraud prevention technique requires cautious threat evaluation, planning, implementation, incident response preparation, and documentation. What’s cost …
£11.5m misplaced to UK on-line procuring fraud final Christmas
Throughout final yr’s festive interval, greater than £11.5m was misplaced to on-line procuring scams within the UK, with Black Friday serving as a main goal, in keeping with a brand new report by the Nationwide Cyber Safety Centre. This represents a rise of at the very least £1.1m over 2022. Britain’s chief cyber officer, Richard …