UK Report Finds Security Concerns Increase as Identity Theft and Cyber Fraud Grow
Hikvision Provides Tips to Protect Yourself Online, Reduce Security Concerns
The Security magazine article, “Identity Theft and Cyber-Fraud in the UK Hit All-time High,” covers results from the most recent 2018 Fraudscape report, which found security concerns increased due to growth in the number of identity fraud cases documented in 2017.
From the report: “… fraudsters are able to obtain large amounts of key information about individuals from online sources. While the number of identity frauds carried out in face-to-face environments (such as shops) increased in 2017, it remains a predominantly Internet-based offense, with 84 percent of identity frauds occurring through online application channels. The information obtained about a person online helps the identity fraudster pass knowledge-based authentication checks for product and services.”
Other report findings include:
- Identity fraud hit an “an all-time high of 174,523 cases in 2017.”
- More than one third of bank account victims were older than 60 years of age.
- Bank account misuse increased by 13 percent, with “many of these cases involving young people using their bank accounts to launder criminal funds.”
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Hikvision provided tips to protect yourself online and minimize security concerns in this blog. In it, our cybersecurity director outlined security tips for operating system security, web browser security, online accounts and passwords.