UK Tax Authority Nudges Up Its Losses From Phishing Attack

The UK tax authority said Tuesday it actually lost £49 million ($63 million) in an organized-crime phishing attack last year—a bit more than the £47 million officials first reported last week.

The disclosure came shortly after a parliamentary committee sent a letter asking why His Majesty’s Revenue and Customs hadn’t informed Parliament about the organized crime incident sooner, given that it involved a significant loss of public money.

HMRC officials told the committee in a hearing last week that the agency lost £47 million in an operation last year that involved mimicking taxpayer credentials and claiming payments from the agency, ...