UK buyers on alert as fraud hits new high

UK buyers have been placed on high alert after a recent KPMG report revealed that fraudsters have stolen more than $AUD1.5 billion from UK businesses this year.

The report said that the amount of money gained through fraudulent activity between January and June this year rose by more than 75 per cent. 

UK forensic partner Hitesh Patel said vigilant analysis of spending patterns and other company data is the key to identifying potentially fraudulent activities.

“The evolution of e-commerce, as well as increased reliance on automated payment systems and the ability of professional criminals to stay one step ahead, has swollen overall UK fraud figures,” Patel said.

Read more here.