
Share this post
Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, revealed today that 87% of financial decision makers in businesses across Great Britain are unable to recover more than half of their losses caused by fraud, with the figure rising to 93% among small and medium businesses specifically. The average financial loss through fraud sits at £240,092, with the majority of fraud losses having increased from within the £10,000-£49,000 bracket in 2018 to between £50,000 and £250,000 this year.
Read more here.