With online crime becoming an increasing threat for businesses, new figures from Get Safe Online and Action Fraud (1) released today show that from March 2015 – March 2016, a huge total of £1,079,447,765 was reported lost by businesses to online crime. This comes as Action Fraud saw a 22% increase from 30,475 in 2014 – 2015, to 37,070 crimes reported in the last year. 

– On average, police forces are seeing a reported £19 million lost by businesses in their area

– 22% increase in crimes reported to Action Fraud in the last year

– Get Safe Online is urging businesses to better train staff to spot the signs of fraud

On average, each police force in the UK recorded £19,626,323 in losses by businesses in their area. However, the true picture could be even higher, as these figures do not take into account the amount potentially lost by those businesses who choose not to report online crime to the police.

From these latest statistics, it’s evident that businesses need to do more to ensure staff across the board have appropriate online fraud awareness training, so that everyone understands their role in keeping the business secure. A substantial amount of attempted fraud against businesses is successful due to lack of knowledge or sloppy habits by their employees.

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Source: https://www.getsafeonline.org/