Online Fraud Menace

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Monetary Loss in UK

Online fraud and crime related losses in the UK have escalated to equivalent of £210 per adultAs a matter of fact, a massive £10.9bn of monetary loss incurred in the UK economy last year.  Fraudulent emails and messages directing people to websites that gather victims’ personal information are the most common con-trick. Onliners should use many different strong passwords to ensure security.“Online safety needs to be part of our everyday routines,” states Tony Neate, chief executive of Get Safe Online.


In addition, useful tips for deterring fraud consists of:
Regular updates of social media settings will make sure posts are only visible to genuine friends.
Similarly, an essential tool in prevention of financial loss is to back up information such as documents and photos to hard drives or cloud storage.
Always use secured sites and remember to clear cache and cookies from your history.
Finally close the browser after using banking or processing tranactions online.


Many have fallen victim to hacked email and social media accounts. Furthermore, others find themselves on the end of ransom-ware – when criminals block access to a device until the victims responds to a demand for money.  UK is one of the top 5 countries which is victim of ransom-ware. The average demand is £514. Approximately, 90,000 devices are infected per week by a single malware. In order to prevent these incidents its is advisable:

  • To always install software updates as soon as they are available.
  • Do not click on links, or any attachments received from unfimiliar emails and SMS messages.
  • Install antivirus on your PC or Mobile device.
  • Lastly, do not pay extortion demands as this only feeds into criminal’s hands and there is no guarantee for access to your files .

Moreover, research and data related to Cyber-crime shows that a financial scam is committed once every 15 seconds on average throughout a year. Be safe, Not Sorry.

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