Cyberfraud still be ‘a worrying trend’ in UK
Ten percent of U.K. adults (approximately 5 million people) have canceled a payment card within the last year due to attempted cyberfraud, according to a new study.
The current figure represents an increase of a half-million cardholders from 2016, according to the price comparison website comparethemarket.com. The most frequent point at which fraud takes place is during the payment process.
In a survey of 2,000 adults, the price comparison website found not only that accounts are being hacked, but also that significant amounts of money are being stolen from these accounts in many cases.
Of the 37 percent of survey respondents who reported having money stolen from accounts, the average amount taken was 544 pounds (approximately $725).
Despite this, only 12 percent of people whose accounts were hacked in the last 12 months have changed their debit or credit card provider, compared with two-thirds (68 percent) who have not considered, or have no intention of changing accounts.
Comparethemarket said that the regularity of fraud is becoming a worrying trend, as more than one third (35 percent) of those hacked in the last year have been victims of card fraud previously.
(Atmmarketplace)