5.9 Million People In UK Have Been Victims Of Financial Fraud

12% of UK adults have been victims of financial fraud

According to Gocompare.com, as much as 12% of UK adults (5.9 million people) have been victims of financial fraud, with one in 10 admitting that at least one of their online accounts has been hacked.  Their research also found out that close to 66% of adults share their personal information such as birthdays, anniversaries and names on social media, which are then used to create passwords and pins. Only 29% create strong passwords containing a combination of letters, numbers and symbols, while 12% do not think their online passwords are strong enough. This comes after the startling fact that more than one million incidents of financial fraud occurred in the first six months of 2016. That’s a 53% increase year-on-year, according to latest figures from the national fraud and cybercrime reporting centre.  Matt Sanders head of money and protection, Gocompare.com, shares the most common types of financial fraud. Read more…

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