UK losses from online fraud have hit more than £670m a year.
However with many cases going unreported, the true economic cost is likely to be significantly higher. Just over half (51%) of the 2,075 people surveyed as part of Get Safe Online Week, said that they had been a victim of online crime, with 50 per cent saying that they felt either very or extremely violated by their ordeal.
However, fewer than a third (32%) of the cybercrime victims said they had reported the incident. Around half (47%) of those affected did not know who to report an online crime to, though a spokesman for the initiative said this figure was expected to fall as a result of the ongoing work of Action Fraud, the UK’s national fraud reporting centre, and the “considerable government resources” now dedicated to fighting cybercrime.
VIEW FULL STORY
