Antivirus software 'must be compulsory'

Laptop - Fraud jumped by a quarter last year in Britain to more than £755m - SantanderCB

Financial Fraud Action UK has reported that losses due to technology-based fraud jumped by a quarter last year in Britain to more than £755m. Sums stolen through internet and telephone banking fraud increased by 72% to £168.6m last year, while losses on payment cards rose by 18% to £567.5m, amounting to 8.3p in every £100 spent using them. The organisation warned the public that malware attacks and data breaches were becoming more sophisticated and that the number of impersonation and deception scams was growing. Commander Chris Greany, head of the economic crime unit at City of London Police, said manufacturers should pre-install the same standard of security software on every new PC and laptop.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?