Fraud pressure is intensifying across UK businesses
70% of businesses have seen fraud attempts increase over the past three years, confirming that businesses are facing a rapidly escalating threat.
Awareness is high, but visibility is not
While 85% of businesses acknowledge fraud as a threat, they are not clear on the level of risk they face, pointing to gaps in visibility.
Investment is not keeping pace with threat level
Over half of UK businesses have not increased fraud prevention spend, despite feeling pressure. In real terms, this means many are decreasing spend year-on-year when inflation is taken into account.
The cost of fraud goes beyond financial loss
91% of businesses cite financial loss as a key concern. However, over 40% are equally concerned about operational disruption and cash flow issues.
Businesses want to be able to act earlier
Demand is growing for real-time alerts, embedded into day-to-day workflows so that unusual activity can be spotted before it becomes a problem.