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Fighting Blind : European Businesses Overconfident in the Battle Against Fraud Despite 59% Surge in Attacks – Global Security Mag Online

Summary by Global Security Mag Online
Signicat announces a new report on identity fraud in partnership with cybersecurity training and consultancy firm, Red Goat Cyber Security. The research reveals most European businesses remain confident despite reporting a rise in identity fraud in the last year. Businesses estimate that 19% of all transactions are fraudulent. The Battle in the Dark 2025 explores the methods fraudsters are using to conduct identity fraud, its financial impact an…

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DEBATE. Thousands of small business owners have lost millions to fraudsters. And the hidden number is large because many do not report to the police. More is needed to stop the fraudsters, writes Peter Dalmalm, Nordea.

·Stockholm, Sweden
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In the face of an increase of 59% in attacks, three quarters of companies remain confident in their ability to defend themselves, but only 45% of them analyse the impact of identity fraud.The most common fraud techniques, document falsification, account piracy and social engineering have an impact [...] The post Identity Fraud: European companies are too confident despite the increase in cheating appeared first on social IT.

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cfotech.co.uk broke the news in on Tuesday, June 3, 2025.
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