Week In Tech: Fighting fraud with tech
The official government statistics are out and they show, unsurprisingly, that cybercrime and credit card fraud have increased this year in England and Wales. Every week seems to bring a new data breach or scam. Millennials in particular, seem to be falling for the family and friends scam more than any other age group. However, on a more positive note, it seems that more consumers are warming up to the idea of the slightly more secure fingerprint biometrics to shop. We thought we’d look at some of this week’s most interesting cybercrime related stories.
The NHS could have avoided the crippling effects of the “relatively unsophisticated” WannaCry ransomware outbreak in May with “basic IT security”, according to an independent investigation into the cyber-attack.
A wallet with “anti-fraud” linings promises to defend owners from contactless card fraud. The wallets, part of Debenhams’ autumn range, feature radio-frequency identification (RFID) protection, which stops criminals scanning card details to use them. John Lewis and House of Fraser already stock specially lined wallets from makers including Fossil and Dents, the 240-year-old leather goods manufacturer.
Young people are losing three times as much money to online scams as their parents’ generation because they are more easily tricked by “family and friends” fraud, a study has found. A survey of fraud victims by Get Safe Online found under 25s typically lose £613 per scam, compared to over 55s who hand over £214 on average. This is because they are more likely to fall for so-called “phishing” scams where criminals hack into people’s social media accounts and purport to be them to persuade their friends and family to transfer them money.
Incidences of fraud increased again this year in England and Wales, as more than half of crimes took place online. According to the latest crime figures for the year to June from the National Fraud Intelligence Bureau, there was a four per cent increase in fraud offences to over 653,000. This represents the fifth year in a row in which fraud has risen at this level.
Consumers are becoming more comfortable using biometrics to pay when shopping, with fingerprint payments proving the most popular biometric identification method. Shoppers are becoming more comfortable with paying via biometrics, according to research by Worldpay. Its study found that 63% of consumers want to be able to use biometric scans to authenticate payments when shopping, and 69% said they would be most open to using their fingerprints.