£750m lost in telephone fraud, report
Summary: Companies brace themselves for telephone fraud in run-up to bank holiday weekend
Telephone fraud cost British businesses £750m last year, according to figures from the Telecommunications UK Fraud Forum.
Most common in telecoms fraud is illegally routing calls through a company's switchboard which has been known to cost a single business around £20,000 in a single weekend.
This coming bank holiday will cause some concern: holidays are the peak periods when companies are open to attack..
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