HMRC HAS LOST £47 MILLION IN BREACH OF 100,000 TAXPAYER ACCOUNTS, MPS HEAR

Summary from the TLDR InfoSec newsletter

HMRC lost £47 million in a phishing scam that affected 100,000 taxpayers' accounts. Criminals used stolen identity data from external sources to create fake PAYE accounts and claim fraudulent repayments. HMRC emphasized this wasn't a cyber attack on its systems. Affected accounts were locked. Customers face no financial loss. Arrests have been made.