Office environments are heavily dependent on computerised systems,
PCs are often the pulse of the business, industries rely on IT systems, computers
are commonplace, essential, and thanks to their input, they make our lives easier
and more functional.
Computers are a means
of communication, they store sensitive data, and they’re also a portal which
enables users to commit acts of fraud, cleverly and covertly covering their
tracks, whilst committing a wide range of cyber crimes.
Online fraud in particular is on the rise, costing the UK an
average of £670M per year according to figures compiled by the National Fraud
This is only a small part of the story though...
Many cases of cyber fraud go unreported, which means the
true sum of cyber crime may never be revealed, it’s safe to say though, it’s an
ongoing problem that seems to increase each year.
Cyber Fraud on the rise
Computer related frauds take a number of guises. In many
cases, they affect everyday people like you and I, it’s a social epidemic,
growing at a worrying rate.
A survey by the City of London’s National Fraud Intelligence
Bureau took the opinions of 2,075 people into consideration. Over 51% of them
admitted to being the victim of some type of cyber crime in their life, many of
which had been subjected to internet fraud.
The range of incidents varied but the main target areas
In all cases over 50% of the victims of fraud or cyber abuse
stated they felt physically violated by the incident, yet rather worryingly,
less than 32% of the people interviewed said they had reported the fraudulent
It would seem that people know cyber crime is wrong but they
don’t know how to protect themselves from this type of criminal activity, and they
certainly don’t know how to report the crime.
impact of computer fraud on business
Personal violation is just one of the outcomes of cyber
crime. Computer fraud affects individuals and it can cripple companies too,
costing the UK industry millions of pounds each year. In the corporate
environment computer fraud impacts businesses in a number of ways and fraud has
wider repercussions which ripple through a company, affecting:
- Team morale
- Business reputation
- Brand image
- Asset valuation
- Shareholder confidence
- Service output
Not only is it costing UK companies millions of pounds in
lost revenue each year, fraud has a negative reaction for the reputation of
businesses, it can affect the brand image, the credibility of the company is
reduced, and this can affect shareholder confidence, creating a negative
influence on future investment.
In most cases, people and companies become the victims of
computer based crimes without realising it until the very last minute, by which
time, the damage is already done.
Preparing yourself or your business for the possibility of
fraud is a step in the right direction, at least this way you should be
safeguarded from potential attacks in the future.
to prevent personal hacking fraud
Bear this piece of advice in mind -
‘The moment you use a computer you are liable to a cyber
That’s a scary thought isn’t it? It’s good advice though,
and once you are aware of the possibility of cyber threats, the easier it is to
put preventative measures in place.
Let’s consider the FBI for a minute. They have some of the most effective fraud security
measures in place and provide excellent safety tips to help you protect your
Here’s what they advise:
- Keep your firewall turned
- Install or update
- Install or update
- Keep operating systems up
- Be careful what you
- Turn off computer when not
Sensible advice isn’t it?
Read through the list and all the points they raise are easy
to implement and designed to keep you safer when you use a personal computer.
If you want to read the FBI’s full breakdown of ‘How to Protect Your Computer’ click
this link http://www.fbi.gov/scams-safety/computer_protect
advice tips to prevent fraudulent cyber crimes
Of course, staying safe from cyber crime at home is one
thing, protecting your business empire is something altogether different. With countless employees all using computers,
some of which work remotely at home, or out in the field, how do you keep your
corporation safe and protect it from those nasty cyber-crims?
Implement a structured security process and this should
reduce the chances of your business becoming the victim of computer fraud. Numerous
steps can keep your business safer including:
- Create a policy for
- Change passwords
- Outsource hosting systems
- Raise staff awareness
- Limit use for business
- Closing down PCs when not
- Implement disaster
- Installing anti-virus
programmes and firewalls
Fraud takes place in many avenues of life. Whether it’s a
computer crime, telephone crime, personal or business fraud, there are positive
steps you can take to protect yourself or your business from criminal activity
and here at Focus Training, this is one of our areas of expertise.
you require Fraud Training, Intelligence Analysis or Investigation Solutions,
please contact us, and
together we’ll make the business community a safer place.