Online phishing fraud continues to mushroom

Every seven seconds someone is defrauded, which comes out to be an average of £285 per person in the UK.  The study from CPP, the life assistance company, estimated that just within the UK about 3.7b phishing emails were received over the last year.

More than half of all emails are phishing emails were fraudulent emails created to look like legitimate correspondence from banks on high street.  According to industry figures, banking fraud increased by 132% over the last year.

Almost half of all those surveyed were worried that their card details may be used to make online purchases illegally.

Con artists have also started to use social networking sites taking advantage of defaults within the privacy settings of these websites in order to exploit and target victims.

Almost a fifth of all Britons have received fake Facebook messages that claim to have been sent from friends of their family and a third of all Britons are worried about their social networking accounts getting hacked.

Identity fraud expert at CPP, Nicole Sanders, stated that it seems as if a day does not pass without another case of fraud online taking top billing on the news.  However, the more concerning part about this is that consumers are still being victimized due to the fact fraudsters are becoming much more skilled at their trade making it hard to discern a legitimate email from a scam email.

She added that as social networking becomes more popular people need to be careful about what type of information they post online.