Counting Cost of Fraud: Scammers Stole Over £421 Million Last Quarter

Uswitch analysis found that scammers stole £422 million last quarter, from 92,739 reported cases of fraud Brits lost £1,212 million to credit card fraud in 2022, down 5% from the previous year Over three quarters (76%) of fraud was credit card fraud Data suggests £26.1 million was lost through fraudulent ATM withdrawals The new credit card fraud report from Uswitch analyses police figures and the UK…

Thousands of copycat banking websites reported in 2023, Which? warns 

More than 2,000 suspected banking copycat websites were reported in 2023 alone, new Which? research has found, as the consumer watchdog calls for new legal duties to force domain registrars to do more to prevent these scams.  Banking copycat websites masquerading as real banks in a calculated attempt to part unsuspecting consumers from their hard-earned cash has…

5 tips to use public WiFi safely

  Image Credit: Unsplash For frequent commuters, hybrid workers and those who simply want quick access to social media or emails on the go, public WiFi networks can be incredibly convenient. However, open WiFi can also bring security issues that could cause personal information to be compromised.  Free Wi-Fi networks that…

‘Scamscriptions’ and recurring payment traps on the rise, Which? warns

Which? is warning consumers to be on the lookout for ‘scamscriptions’ and recurring payment traps as they have become one of the most common types of reports to Which?’s scam sharer tool.  In recent months, complaints about unwanted recurring payments have dominated scam reports shared with Which? through its scam sharer tool.  Scammers seem to have been…

McAfee unveils deepfake audio detection technology at CES 2024

Cybersecurity company McAfee has announced an AI-powered Deepfake Audio Detection technology, known as Project Mockingbird, at CES2024. This new, proprietary technology was developed to help defend consumers against the surging threat of cybercriminals using fabricated, AI-generated audio to carry out scams that rob people of money and personal information. Increasingly sophisticated and accessible generative AI…

2023 was the worst year ever for online cyber attacks, report claims

UK firms experienced 720,252 online attacks each last year - the equivalent of one every 44 seconds. That's according to Beaming, an internet service provider for businesses.  Beaming has analysed cyberattacks targeting thousands of UK-based businesses since the beginning of 2016 to understand their nature and origin better. Beaming’s latest analysis, published today, reveals that: UK…