Surge in AI fraud leads to revenue losses

Quick Summary:

A new report reveals that 73 percent of UK fraud professionals report that online fraud has negatively affected their company's revenue in the past year.

The UK Fraud Industry Pulse Survey from Veriff shows 72.5 percent of businesses have seen an increase in online fraud over the past 12 months.

For 64 percent of businesses, this translated to revenue losses of between one and nine percent, costing them millions.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United StatesBrazil

Topics: Identity fraud Fraud Article Cybersecurity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 09:00:27 (2 days ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 28140287

View Article Analysis

About BetaNews

Main Topics: Technology

Official Website: betanews.com

Update Frequency: 4 posts per day

Year Established: 1992

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #58

Publisher Details

Frequently Asked Questions