Cybercrime Abounds in UK

By: Absolute Team | 6/30/2010

According to a study from CPP, there is a cybercrime victim every 7 seconds in the UK and more than 420,000 scam emails are sent every hour within the country. The report estimates that 3.7 billion phishing emails targeting Brits were sent in the last 12 months. According to the consumer research commissioned by CPP, 26% of Brits have fallen victim to online fraud with 48% of these in the last 12 months. Fake banking emails were the most common method used by criminals, with online banking fraud rising by more than 100% in the last 12 months.

"Fraudsters are becoming ever more skilled in their techniques and tactics. It can be extremely difficult to spot a legitimate email from a scam, so we advise caution at all times when online. And as social networking sites become increasingly popular, people need to continue to be mindful of what they post. Their identity is as valuable to a thief as a credit card, so protecting personal details is key.”

The CPP has created a list of tips to avoid falling prey to online fraud, including:

  • Use an anti-virus program & anti-phishing tools
  • Use a firewall
  • Update software regularly & automatically
  • Be cautious giving away personal information - banks will never ask for it online
  • Install additional security software to protect your personal information

If you have concerns about online fraud, there are many fantastic resources about this online. Just search for online fraud, and you'll come across them!

Financial Services