UK economy loses almost £11 billion to cyber crime each year

The UK economy lost £10.9 billion as a result of online fraud and cyber crime last year, according to new research, which works out at about £210 for every person aged over 16 in the country. The figures come from a survey by Get Safe Online and the National Fraud Intelligence Bureau and reveal that 68 percent of people in the UK have been targeted in some way by cyber crime. Fraudulent emails or messages which have attempted to direct them to phishing websites have been received by 53 percent. In addition 28 percent reported being contacted by someone who was… [Continue Reading]