Celso De Azevedo, insurance and dispute resolution lawyer at 36 Commercial, looks into these questions in depth, in an article in this week’s NLJ. He covers recent attacks, and insurers’ and businesses’ response, in the UK and US.
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Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.
