Financial services promotional body - UK Finance - has released its Annual Fraud Report detailing the amount of money reported by member firms that was stolen by criminals through financial fraud in 2022. This totalled £1.2 billion.
At the same time, the UK banking and finance industry prevented the same amount - £1.2 billion - of unauthorised fraud from getting into the hands of criminals.
The £1.2 billion figure was a reduction of eight per...
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