Research has revealed that 25% of young British adults trust social media platforms with their data, compared to just one in 20 of their parent’s generation.
In the UK, total financial fraud losses across payment cards, remote banking and cheques were estimated to have been around £770 million in 2016 by Financial Fraud Action UK. Of the various subcategories, card ID theft stands out as being on the rise.
In 2017, 26.2 percent of ransomware targets were business users, compared to 22.6 percent in 2016.
The UK needs to keep up with its adversaries, such as Russia, to avoid being exposed to unorthodox, hybrid warfare that combines traditional conflict with cyber warfare, UK defence chief of general staff Nick Carter is expected to warn.
With the global outbreak of the NotPetya ransomware following less than two months from WannaCry, it’s all too easy to get sucked into the narrative that the cyber criminals are winning the race against security defences.