Credit card and bank account fraud have risen by 40% in the past year, affecting around 5 million people in the UK.
It’s not just individuals that are suffering either – figures from the National Fraud Intelligence Bureau show that impersonation fraud has lost UK businesses around £32 million in the last year, with one company alone conned out of a staggering £18.5 million! And, of the £32 million reported to be lost by businesses to CEO fraud, just £1 million has been recovered by the victims.
But what is impersonation fraud? And how can you protect yourself and your business against this type of fraud?