You are here: Home - Household Bills - News -

Average Brit to lose £1,574 to online fraud

0
Written by:
22/04/2021
People across the country expect to lose an incredible £15.7bn in the future to online fraudsters, new research from credit score firm ClearScore has suggested.

On average, it found that Brits are anticipating losing £1,574 each, with 15% of adults expecting to fall victim to scammers online at some point.

The study also found something of a disconnect between how people expect to act, and how they really do. It found that more than half of us (53%) say we would change a password after a security breach was detected, the firm’s internal data found that in reality 94% of us take no action after a breach is flagged.

What’s more, many of us do little to make life harder for the scammers in the first place. More than half (55%) of us admit to using personal information in our passwords that might be easy to guess, such as a child’s name, their birthday or pets’ names. An incredible two-thirds admitted to posting their secure personal information, such as passwords and memorable words, publicly on social media.

ClearScore has launched a new service, Protect Plus, aimed at tackling the risks of identity theft, with features including dark web scanning for passwords, breaches and personal information, as well as credit report alerts in the event of unexpected activity on your report.

Surge in scams

There has been no shortage of scam activity of late. 

In recent weeks warnings have been issued over a spike in text scams where the scammer poses as a bank, while there has also been a surge in reports of National Insurance scams.

However, there remain questions over whether the authorities are doing enough to tackle the prevalence of scams. For example, a study by Which? found that online scammers are ‘running riot’ due to inaction from the likes of Google and Facebook, while the government has been criticised for failing to include online scams in its Online Safety Bill

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week