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Understanding online fraud and organised crime

When the National Crime Agency held "strike week" against cyber crime, they made 56 arrests in 25 seperate operations.

Those arrested were suspected of being involved in a wide variety of cyber crimes including data theft, fraud and virus writing.

It's just one of those things that many businesses don't have time to think about at length; whether a private or business internet user, protecting against the effects of cyber crime often isn't a priority.

When it comes to fighting online fraud, it's often an uphill struggle. Insufficient resources, conflicting international jurisdictions and the borderless nature of the internet all make catching those responsible particularly difficult.

Yes, you can continue with your good 'housekeeping' and change passwords frequently and keep anti-virus and other protective software up to date, but what's the worst that could happen?

Your ID could be stolen and used elsewhere, your hard-drive wiped with the loss of all information or your data corrupted. Bank accounts and financial data could be compromised.

The consequences do not make for comfortable reading. How do you start to recover? New hardware? New software? And what happens to your business whilst you take the time and expense to get up and running again.

Part of a growing and diverse armoury for businesses now includes insurance covering such attacks. Feeling safe and secure now needs an element of mitigation; a way of lessening the effect once an incident has occurred.

Having the right level of protection in the IT world is an ongoing battle, and just like other assurances that we take for granted in our personal lives, having peace-of-mind in place before anything happens is a shrewd move.

For more information about how to protect your business from online fraud and cyber crime, please speak to a member of our Business team.

01/09/15

Call: +44 (0)1628 532613

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