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Overall fund transfer fraud (FTF) losses increased 69% from 2020-2021, according to claims data from Coalition, Inc. The frequency of these cybercrimes grew 21% for companies with less than $25 million in annual revenue and 68% for those with $25 million-$100 million in revenue during the period.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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