Cyber fraud is widespread due to the increasing use of social media, reliance on electronic devices and the ease with which fraudsters can manipulate these platforms by mimicking human interactions.

Fraudsters utilise various techniques such as social engineering to deceive and manipulate victims into performing actions such as providing confidential information or initiating fraudulent payments.

Below are the different types of cyber fraud which may be used in conjunction with or as a facilitator to CEO, invoice and card fraud.

Top tips to reduce the risk of being a victim of cyber fraud:

• Don’t open emails and attachments from suspicious sources 
• Be wary of tempting offers – if an offer sounds too enticing, think twice before accepting it and conduct open-source research to help you quickly determine whether you are dealing with a legitimate offer or not
• Keep your antivirus/anti-malware software updated as this is vital to protect your systems and business against malware attacks
• Beware of downloads as these could contain malware, always check with your IT administrator if you are unsure
• Spot the signs of your computer being infected, examples include, crashing/freezing and general poor performance

If you believe you have been a victim of cyber fraud, please contact us immediately on our UK Client Services line 0800 023 1441 or +44 (020) 7367 7881 if calling outside the UK.