Defend Your Finances Against Online Fraudsters

November 21, 2016

For the first time, estimates of fraud and cyber crime offences were added to the Crime Survey of England and Wales, indicating that there were about 6 million instances in 2015. About 1 in 10 Britons fell victim to either fraud or cyber crime offences from April 2015 to March 2016.

During the first three months of 2015, more than 80 per cent of all identity fraud was either perpetrated or attempted online, according to industry research. Many people leave themselves exposed without realising the risk, such as oversharing on social media—a virtual hunting ground for cyber criminals. It is important to set up strict privacy settings, and to avoid sharing information such as your birthday or your address, which can be used to steal your identity. Also, never share holiday selfies alongside details of when you’ll be away from home. Lastly, skim through your contacts often; some people may try to connect with you using fake profiles, thus, allowing them access to information they wouldn’t otherwise be privy to.

Other best practices for defending your finances against online fraudsters include the following:

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