Retail Fraud: TECH Cyberattacks and fraud cost UK retail sector £11bn in 2023.

12 Apr 2024 5:24 PM | Anonymous member (Administrator)

The UK retail sector lost £11.3bn to fraudulent activity in 2023, according to global financial technology platform Adyen.

The research, in partnership with the Centre for Economics, Business and Research, found that 35% of UK businesses became a target of fraudulent activity, cyberattacks or data leaks over the past year – up 37% compared with 2022.

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