HEARTBREAKING: British public loses £204.5 million to dating scams, hacking and more in past 12 months

• The UK reports losses of around £204.5M over the past 12 months due to personal, digitally driven crimes
• Almost 23,000 cases of fraudulent activity relating to plastic cards and online bank accounts have been logged since September last year
• Alarmingly, 49% of Brits don’t know if their smartphone has security software installed, or have none at all

Following last week’s Twitch data leaks on 4chan, a new study reveals that the UK’s public has lost as much as £204.5 million to personal, digitally driven crimes in the past 12 months. Additionally, as many as 26 million British adults – 49% of residents over the age of 16 – report either not knowing whether their smartphone has security software installed, or having none at all.

App development company Bacancy Technology analysed statistics drawn from the National Fraud Intelligence Bureau (NFIB), focusing on crimes more likely to befall members of the public – such as dating scams, personal and social media hacking, computer viruses and banking app fraud.

In total the UK has filed a total of 60,297 reports of criminal activity dating back to September of last year, culminating in a total loss of £204.5M to the personal finances of British citizens.

Across the selected categories, cyber-assisted crimes involving cheque, plastic card and online bank accounts have seen the highest number of incidents, at 22,981 reported cases, with an overall personal financial loss of £102.3M – an average of £4,451 per case.

Social media and email hacking ranks second highest in the list in terms of the number of reported incidents, standing at 12,225 reports over the last 12 months. However, the high volume of cases is offset by an average loss per case of £204 – amassing to an overall financial loss of a lesser £2.5M.

With Dating scams, it’s the opposite. A smaller number of reported cases (9,388 over 12 months) has resulted in Brits taking financial losses of £97,600,000 – with each individual case costing over £10,000 on average.

Ranking fourth and fifth on the list are reported crimes surrounding computer viruses/malware and personal hacking – which relates to hacked devices, rather than accounts. Despite a large number of reported incidents over the past 12 months (7,893 and 6,649 respectively), each of these crimes have resulted in smaller average losses per case, with figures under £100.

Top 5 personal digital crimes – UK, over 12 months (Oct 20 – Oct ’21)

Despite the variety of security apps readily available on both the Apple and Android stores, around 26 million Brits – a total of 49% – may be at risk.

Further data drawn from an ONS survey shows that one in three Brits (32%) are unaware of whether their smartphones have security software installed, while almost one in five (17%, or nine million adults) reported not having security software of any kind – leaving them open to potential cyber-crime and fraudulent activity.

Do you have security software installed on your smartphone?

Commenting on the findings, a spokesperson for Bacancy Technology said: “Recent events in the news have highlighted the importance of maintaining security over our personal data and finances. Even so, it seems that while the British public are aware of the potential dangers of online activities, many are failing to take steps to adequately protect themselves and their loved ones. Digital security is of the utmost importance, and everyone with a smart device should take necessary precautions to ensure their safety.”

This research was conducted by app development company Bacancy Technology, an exclusive hub of top software developers, UI/UX designers, QA experts and more, offering development services aimed at the creation of high-end, enviable applications.

For more information click here: www.bacancytechnology.com