25 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Online fraudsters hit one in eight Brits - survey

18 September 2009  |  9557 views  |  0 caution!

According to a survey commissioned by Internet security outfit VeriSign, one in eight of the UK's adult population have fallen victim to online ID fraud in the last year.

The YouGov survey of over 2000 Brits found that these fraud victims have had on average £463 stolen, with a quarter claiming to still be in dispute over compensation for the money taken. In total, £2.65 billion was stolen online from UK consumers in the last 12 months.

Despite the high proportion of victims, VeriSign says British Web users are conscientious when it comes to online shopping. Over three quarters (82%) of respondents claim to buy only from sites with enhanced security settings.

Young people are less likely to be hit by criminals, with only five per cent of 18 to 25 year olds stating that they have been online ID fraud victims, compared to 14% of people aged 45 to 54.

Londoners are the most careless about buying online, with 25% stating that they don't bother checking whether a Web site has enhanced security settings before buying from it, as opposed to only 10% of respondents from Northern Ireland.

The Welsh are the biggest victims of online fraud, with 20% stating that they had experienced ID fraud in the last year, compared to only eight per cent of Scots.

Richard Hurley, communications manager, Cifas, says: "Increasing numbers of cost-conscious consumers are now shopping online, and whilst the rise in online spending is great for online retailers, it opens up a Pandora's Box of security threats. Cyber criminals are undoubtedly getting more devious, but consumers can easily lessen the likelihood of online fraud by stepping up their own awareness of how they can protect themselves online."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bankers fear budget cuts leave them exposed to rising tide of fraud - survey

Bankers fear budget cuts leave them exposed to rising tide of fraud - survey

16 September 2009  |  5930 views  |  0 comments
Which? criticises online banking security

Which? criticises online banking security

27 August 2009  |  10464 views  |  2 comments
Eight million Brits share PIN numbers - survey

Eight million Brits share PIN numbers - survey

27 August 2009  |  9841 views  |  1 comments
Global recession fuels ID fraud fears - Unisys

Global recession fuels ID fraud fears - Unisys

20 April 2009  |  10519 views  |  0 comments
Online banking fraud soars in UK

Online banking fraud soars in UK

19 March 2009  |  18868 views  |  1 comments
ID fraud continues to climb - Javelin study

ID fraud continues to climb - Javelin study

09 February 2009  |  7152 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57163 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8756 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8575 views comments | 23 tweets | 37 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7100 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7036 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job