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Description: BankInfoSecurity.eu offers the latest content on banking information security, from fraud to risk management, authentication to cloud computing, and keeps you up-to-date with the latest guidance from agencies such as ENISA and the European Central Bank.

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Mathew J. Schwartz •  May 29, 2023  

Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.

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