A leading insurer has introduced a new 'clawback' service to retrieve funds stolen from British businesses by online fraudsters, successfully returning £1.4m to a policyholder; by teaming up with a legal partner, they aim to locate and recover stolen funds from the UK banking system, with a focus on battling BEC and APP fraud, as BEC alone has cost victims nearly $55.5bn between 2013 and 2023; the insurer acknowledges that success cannot be guaranteed every time, but their approach involves leveraging a law partner's expertise and relationships within the banking system to expedite communication and recovery processes
```https://www.infosecurity-magazine.com/news/insurer-aims-clawback-bec-14m/