City of London Police reveals for the first time who is being targeted by cyber criminals
The City of London Police in its capacity as the national policing lead for fraud and cyber crime reporting today (10 March) publishes for the first time what type of people are being targeted by cyber criminals.
The report is the work of a new unit in the City of London Police’s fight against fraud and cyber crime called the Economic and Cyber Crime Prevention Centre (ECPC).
The ECPC’s work reveals for the first time not only the type of people that are being targeted by cyber criminals but also where they live and the methods cyber criminals are using to infect computers and commit fraud.
Research conducted on victims of cyber crime between November 2014 and October 2015 reveals that men lose on average almost three times as much money to cyber criminals than women. The average loss for men was £2,354 compared with only £809 for women.
The report also reveals that the harm caused to victims of cyber crime increases with age, with elderly victims feeling a greater impact on their health and financial wellbeing than younger victims.
The research used a total of 29,000 victim reports taken by Action Fraud during 2015. The data showed that woman were six times more likely to become a victim of online shopping and auction fraud than men which suggests that fraudsters are targeting woman who shop online.
Working closely with partners and agencies such as the police, NCA and the Home Office the ECPC seeks to provide individuals and particularly small businesses with advice and guidance on how to stay protected from all forms of economic and cyber crime.
The unit also has a staff member seconded from Get Safe Online who work to design and share bespoke messages to protect communities.
The unit works to reduce the impact of economic and cyber crime on victims by raising awareness on how to stay protected from the latest criminal threats through the production of social media campaigns, personal engagement with individuals and businesses and by working alongside industry to design out crime.
The ECPC also supports policing through coordinating cyber protect activity throughout the UK.
Throughout the year the ECPC, in conjunction with its partners, will be sending social media messages to the public and business based on the latest threats facing the UK. This has already begun with alerts on the dangers of public Wi-Fi and advice on staying clear of dating fraudsters. The ECPC is now working with each police force and the National Crime Agency to ensure suitable activities are in place to help mitigate these threats.
Commander Chris Greany the National Police Coordinator for Economic Crime and cyber protect lead said “We have built the ECPC to analyse the threat using information from crime reports as well as information from partners to educate the public and businesses to protect themselves.
“We are utilising as many platforms as possible to get our message across including the Cross Sector Security Communications network which has 14 million subscribers.
“With the majority of fraud being cyber enabled the Economic and Cyber Crime Prevention Centre has been designed to help beat the criminals by helping people to protect themselves.”
“80% of fraud and cyber crime is preventable if individuals and businesses follow simple advice. The work we do in education and prevention will be key to reducing crime which costs the economy of the UK between £30-40 billion annually.
For the latest advice on how to prevent becoming a victim of crime visit the Action Fraud website at www.actionfraud.police.uk
Facts about fraud and cyber crime
- 5.2 million frauds and 2.5 million cyber crimes last year – based on interim results from the Crime Survey of England and Wales
- 70% of fraud is cyber enabled (Action Fraud)
- The City of London Police is currently investigating an estimated £600 million in financial losses to fraud.
The City of London Police press office can be contacted on 0207 601 2220
Cyber crime - victim analysis