66% firms see rise in financial fraud losses amid digital threats: Study

Around 62% of businesses reported an increase in overall fraud attacks, while 66% said fraud-related losses were rising year-on-year amid growing digital threats, Moneycontrol reported, citing a study. The survey covered 109 senior fraud decision-makers in India. Authorised Push Payment (APP) fraud emerged as the biggest challenge, followed by identity theft and the money mule activity.