Is technology helping fraudsters plug into confidential data? #FraudChatUK

Enormous technological changes to the way we all work, transact and keep in touch have taken place during the past 20 years. While the developments have helped underpin our accelerated culture of faster, smarter, smoother online journeys, for some they have come at the cost of higher potential security risks.

While many of us don’t understand the way the technology behind the internet, web-adapted smartphones or real-time payments actually works, the implication to our risk-profiles is enormous and poses a host of new potential frauds.

The number and diverse types of potential cybercrimes can range from unauthorised access of email accounts, theft of personal data, hacking a social media account, to credit card information and identity theft.
But as our recent Twitter debate, #FraudChatUK revealed there’s a real appetite for us all to go from being IT-savvy to security-savvy and make complex passwords and ID security commonplace.

While it’s largely recognised that technology is of enormous benefit to sus all, it’s also an enabler for anonymous fraudsters to get access to personal information. It means, of course, as much effort as possible should be made to reduce the risk of fraud – because in the end we all have to carry the cost of the losses.

To find out more, simply click on our online guide to protecting your ID and staying safe on line by clicking here.