A recent Trustpair report highlights the pervasive issue of cyber fraud in the U.K., revealing that 93% of companies faced fraud attempts in the past year. With expectations of increased risks in 2025, 48% of companies cite cyberattacks as their primary obstacle in fraud prevention. Despite nearly all increasing investment in fraud prevention technologies, only a third have automated systems, leading to vulnerabilities against advanced tactics. The report also notes that 88% of businesses see cyber fraud as a key driver of payment fraud, with serious financial implications for those affected.
Nearly 48% identify cyberattacks as their biggest hurdle in fraud prevention, indicating a significant challenge for businesses in combating sophisticated cyber threats.
Despite 94% of companies increasing their technology budgets, only 33% have automated fraud prevention systems in place, revealing a gap in proactive measures.
Collection
[
|
...
]