As a result of cyber threats and fraud, businesses are losing on average $98.5 million a year. Technology companies are suffering the most, followed by insurance, financial services, and fintech. According to research from FIS and Oxford Economics, 37% of respondents said that their company experiences cyber threats every day. Respondents were dissatisfied with their companies’ fraud risk management, fraud detection methods, and fraud and cyber awareness training. 

Read more: https://www.helpnetsecurity.com/2025/04/21/businesses-fraud-consequence/