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Amid the chaos and disruption unleashed by the COVID-19 pandemic the world over, the scourge of financial crime has only got worse.
The crisis has brought with it a host of new opportunties for fraudsters, with millions stuck at home and plugged into their devices around the clock, while businesses scramble to adapt to the new normal.
Almost half of all businesses (47%) have been victim to some form of fraud in the past two years, according to professional services firm PwC, based on a survey of 5,000 businesses around the world. The firm said this was likely to have increased significantly once all the data for 2020 had been tallied.