Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

Black Friday Shoppers Alert: Digital Scam Victims Lose an Average of £1,000 Each

n-img-black-friday

Black Friday shoppers have been advised to strengthen their cybersecurity as NFIB revealed that victims of digital shopping scams lost an average of £1,000 each during the same time last year. 

The National Cyber Security Centre (NCSC) started a nationwide campaign for promoting its Cyber Aware program that helps consumers protect themselves digitally as these new statistics from the National Fraud Intelligence Bureau (NFIB) were released.

The data, which came from Action Fraud reports and then was evaluated by NFIB, revealed that from November 2021 to January 2022, consumers in Wales, England, and Northern Ireland were defrauded of £15.3 million.

There’s an increase in average losses year over year. Between November 2020 and  January 2021, the average loss per person—including reports without any financial loss—was £549, whereas it was £775 during the same time period in 2019.

NCSC CEO Lindy Cameron stated: “Online shoppers will understandably be looking for bargains during the Black Friday and Christmas shopping period and we want them to do so safely. Sadly we know that criminals will look to exploit consumers at this time of year which is why good cyber security has such an important role to play. I would urge everyone to help us fight the scammers by following our Cyber Aware advice to set up two-step verification and use three random words passwords.”

According to the data, people between the ages of 19 and 25 are the group most likely to become a victim of internet shopping fraud. 41% of them were female while 47% were male and the other 12% did not disclose their gender.

Lisa Webb, Senior Lawyer at Which?, said:  “Fraudsters are always on the lookout for new ways to part people from their hard-earned cash and unfortunately, the Black Friday sales are no exception. Scammers can easily set up fake websites so if you see a good offer from a company you don’t know, look online for reviews and do your research to make sure it’s genuine. If you think you’ve paid money to a scammer, you should report this to your bank and Action Fraud. You may be able to claim back your money through the chargeback scheme if you used a debit card or use a section 75 claim if you paid by credit card and the value was more than £100.”

Suggested Read: Fraudsters are all set to exploit Black Friday sales. Beware!

Related Posts

News

New Bitcoin scam hits Canada

According to a report, a supposed Bitcoin (BTC) scam is now targeting residents of Winnipeg, Cana...

New Bitcoin scam hits Canada Explore More

News

UAE Court Convicted 13 Indian Nationals and 7 Companies for Money Laundering Offenses

Thirteen Indian nationals and seven companies were charged with money laundering by the Abu Dhabi...

UAE Court Convicted 13 Indian Nationals and 7 Companies for Money Laundering Offenses Explore More

News

Japan Crypto Regulator States Easing of Restrictions Must Wait

The Japanese financial regulator FSA is reluctant about easing regulatory requirements for the cr...

Japan Crypto Regulator States Easing of Restrictions Must Wait Explore More

News

Twitter Breach – Bitcoin Scams to the Next Level

A massive attack is reported on Twitter accounts of high-profile and well-recognized brands. Hack...

Twitter Breach – Bitcoin Scams to the Next Level Explore More

News

Sebi Releases New Anti-Money Laundering Guidelines

The capital markets regulatory authority, the Securities Exchange Board of India (Sebi), publishe...

Sebi Releases New Anti-Money Laundering Guidelines Explore More

News

Australia to Ban Credit Cards for Online Gambling to Prevent Payment Fraud

The Australian government will soon ban online gambling with credit cards. The government will in...

Australia to Ban Credit Cards for Online Gambling to Prevent Payment Fraud Explore More

News

Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds

The head of financial intelligence in Mexico has revealed that the law enforcement authorities ar...

Authorities Struggle in Mexico as Cartels Use Crypto for Laundering Funds Explore More

News

Melbourne Casino Crown Faces New Money Laundering Scandal

Crown’s licence for its Sydney casino has been suspended after an investigation revealed it facil...

Melbourne Casino Crown Faces New Money Laundering Scandal Explore More

News

Six Men Arrested in Hong Kong for US$22.4 Million in Fraud

Hong Kong police crackdown on a crime syndicate and arrest six people involved in money launderin...

Six Men Arrested in Hong Kong for US$22.4 Million in Fraud Explore More

News

SkyCity Adelaide Casino Investigation on hold Amid Money Laundering Court Action

The investigation of SkyCity Adelaide’s capacity to hold a casino licence has been “put on hold”....

SkyCity Adelaide Casino Investigation on hold Amid Money Laundering Court Action Explore More

News

Swiss Watchdog FINMA Mandates AML Policies on Crypto

The new legislation is trying to combat money-laundering following a series of major scandals in ...

Swiss Watchdog FINMA Mandates AML Policies on Crypto Explore More

News

NFT Market Skyrockets to $44 Billion as Money Laundering Increases

The non-fungible token (NFT) market value has increased from $106 million in 2020 to $44 billion ...

NFT Market Skyrockets to $44 Billion as Money Laundering Increases Explore More

News

The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct

Dirham Exchange, an exchange house based in the UAE, has had its licence revoked by The UAE Centr...

The UAE Central Bank Revokes Dirham Exchange’s Licence for AML Misconduct Explore More

News

China Announces New Office To Combat Money Laundering

An office devoted to combating money laundering and ensuring financial institutes comply with Ant...

China Announces New Office To Combat Money Laundering Explore More

News

£23.8 Million Fined to MT Global for AML Non-Compliance

A Money Service Business (MSB) firm, MT Global, penalized by HM Revenue and Customs for breaching...

£23.8 Million Fined to MT Global for AML Non-Compliance Explore More

News

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs

The UAE’s Ministry of Community Development and the Financial Intelligence Unit have established ...

UAE Authorities to Coordinate Efforts Against ML/TF Among NPOs Explore More

News

Bank of Spain Issues New Cryptocurrency Regulations

Virtual asset service providers, banks, and other financial institutions are now required to regi...

Bank of Spain Issues New Cryptocurrency Regulations Explore More

News

Turkey Remains on the FATF Gray List for AML Regulations Failures

Turkey’s government has failed to comply with Anti-Money Laundering (AML) and Counter-Financing T...

Turkey Remains on the FATF Gray List for AML Regulations Failures Explore More

News

US DOJ Files Cases to Stop Russian Money Laundering Networks

The US DOJ (Department of Justice) filed two cases in the latest action to disrupt money launderi...

US DOJ Files Cases to Stop Russian Money Laundering Networks Explore More

News

Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal

Westpac’s board will withhold bonuses of all of its senior executives as an ‘interim’ step follow...

Westpac Freezes Executive’s Bonuses Amid Money Laundering Scandal Explore More

News

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI

As per the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI),...

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI Explore More

News

FSRA to Take Action Over the MGA’s Training Practices

The Financial Services Regulatory Authority of Ontario (FSRA) has notified that it’s going to tak...

FSRA to Take Action Over the MGA’s Training Practices Explore More

News

11 Arrested for the First Money Laundering Case Using Digital Yuan

Chinese security officials have arrested 11 suspects in the first Central Bank Digital Currency (...

11 Arrested for the First Money Laundering Case Using Digital Yuan Explore More

News

Singapore Proposes Additional AML/CFT Requirements for FIs

Monetary Authority Singapore has issued a consultation paper proposing the scope of AML/CFT to be...

Singapore Proposes Additional AML/CFT Requirements for FIs Explore More

News

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites

Louisiana’s House of Representatives passed the bill against age verification in the porn industr...

Louisiana Approves First Regulation Requiring Age Verification to Access Pornography Sites Explore More

News

Fraudsters are all set to exploit Black Friday sales. Beware!

Criminals are aware that at this time of the year, shoppers are looking for discounted deals and ...

Fraudsters are all set to exploit Black Friday sales. Beware! Explore More

News

UAE Banks Asked to Strengthen their AML/CFT Measures

UAE financial institutions and the banks are required to prioritize eliminating money laundering ...

UAE Banks Asked to Strengthen their AML/CFT Measures Explore More

News

FATF Urges Qatar to Increase its Efforts Against Money Laundering

A recent FATF evaluation of Qatar’s anti-money laundering procedures says local regulators must w...

FATF Urges Qatar to Increase its Efforts Against Money Laundering Explore More

News

FATF Issues Guidance Paper For Incorporating Digital ID

The Financial Action Task Force (FATF) has issued a guidance paper, last week, that outlines a ri...

FATF Issues Guidance Paper For Incorporating Digital ID Explore More

News

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space

The European Union is developing a program to impose stringent regulations on the cryptocurrency ...

EU’s New Anti-Money Laundering Watchdog to Monitor the Crypto Space Explore More

News

The US Treasury Department OFAC Enforces Whistleblower Programmes

According to the US Treasury’s Department Office of Foreign Assets Control (OFAC), companies must...

The US Treasury Department OFAC Enforces Whistleblower Programmes Explore More

News

FIAU Slaps Triton Capital Markets Limited with €227,000 Fine for AML/CTF Breaches

The Financial Services Analysis Unit (FIAU) FIAU has fined Triton Capital Markets Limited  €227,0...

FIAU Slaps Triton Capital Markets Limited with €227,000 Fine for AML/CTF Breaches Explore More

News

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures

Moneyval has published a report backing Liechtenstein’s authorities on the measures it took again...

Liechtenstein’s Legal Authorities Backed by Moneyval on Improved AML/CFT Measures Explore More

News

Action Fraud alerts shoppers about COVID-19 scams

Retail stores and other non-essential shops are recommencing across the United Kingdom, but many ...

Action Fraud alerts shoppers about COVID-19 scams Explore More

News

CBUAE Cancels Registration of Insurance Broker for AML Non-compliance

The Central Bank of the UAE (CBUAE) has cancelled Al Fazaa’s registration as an insurance a...

CBUAE Cancels Registration of Insurance Broker for AML Non-compliance Explore More

News

German Customs to Strengthen Fight Against Organised Crime and Money Laundering

Christian Lindner, German Finance Minister, announced at the weekly cabinet meeting held at the C...

German Customs to Strengthen Fight Against Organised Crime and Money Laundering Explore More

News

South Africa Enforces New Rules to Transfer Funds Abroad

The South African Revenue Service (SARS) has made regulatory changes to transfer funds overseas, ...

South Africa Enforces New Rules to Transfer Funds Abroad Explore More

News

Central Valley Towns Become the Hot Spot of Identity Theft

A new report identifies a small number of Central Valley towns with the highest incidence of iden...

Central Valley Towns Become the Hot Spot of Identity Theft Explore More

News

Turkey to Face FATF’s Gray List Over Inadequate AML Practices

FATF is set to grey list Turkey over AML shortcomings, a move that is likely to affect the countr...

Turkey to Face FATF’s Gray List Over Inadequate AML Practices Explore More

News

EBA Report Uncovers Risks of Money Laundering & Terrorist Financing Associated With Payment Institutions

The European Banking Authority (EBA) published findings on money laundering and terrorism financi...

EBA Report Uncovers Risks of Money Laundering & Terrorist Financing Associated With Payment Institutions Explore More

News

SEC Strengthens the Scrutiny on Money Laundering Activities in Malaya

SEC (Securities and Exchange Commission) said financial institutions and lenders are now obligate...

SEC Strengthens the Scrutiny on Money Laundering Activities in Malaya Explore More

News

Chinese Authorities Bust 93 for Crypto Money Laundering Worth RMB 40 Billion

Chinese Authorities in the Hunan province have busted a criminal ring of 92 individuals for alleg...

Chinese Authorities Bust 93 for Crypto Money Laundering Worth RMB 40 Billion Explore More

News

Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports

Japan is planning on introducing a vaccine passport to make travelling easy for people. Internati...

Travel to Restart as Several Countries Roll out Their Version of Vaccine Passports Explore More

News

Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation

A breach notification was filed with the Maine Attorney General’s Office for the first time, reve...

Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation Explore More

News

Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain

The global watchdog has removed Cambodia from its list of jurisdictions under increased monitorin...

Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain Explore More

News

FATF Issues New Guidance on Mitigating Proliferation Financing Risk

The new guidance puts a spotlight on the need for effective onboarding processes, ongoing monitor...

FATF Issues New Guidance on Mitigating Proliferation Financing Risk Explore More

News

EU Parliament Proposes Change in AML Bill to Increase Focus on NFTs

Lawmakers in the EU Parliament have proposed new changes for the upcoming AML bill to increase fo...

EU Parliament Proposes Change in AML Bill to Increase Focus on NFTs Explore More

News

Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain

The global watchdog has removed Cambodia from its list of jurisdictions under increased monitorin...

Cambodia Exits FATF Anti-Money Laundering Gray list, Philippines Remain Explore More

News

EU Takes First Step to Set Up Anti-Money Laundering Supervisor

The European Union should contemplate creating an independent agency to supervise anti-money laun...

EU Takes First Step to Set Up Anti-Money Laundering Supervisor Explore More

News

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide Explore More

News

Money Laundering Cases Doubled in the Past Six Years – Eurojust Report

Eurojust has recorded around 3000 cases of cross-border money laundering over the last six years....

Money Laundering Cases Doubled in the Past Six Years – Eurojust Report Explore More

News

Six Men Arrested in Hong Kong for US$22.4 Million in Fraud

Hong Kong police crackdown on a crime syndicate and arrest six people involved in money launderin...

Six Men Arrested in Hong Kong for US$22.4 Million in Fraud Explore More

News

US Sanctions Crypto Mixer Sinbad Over Connections to North Korea

The FBI and the Dutch Financial Intelligence and Investigation Service have a crackdown on virtua...

US Sanctions Crypto Mixer Sinbad Over Connections to North Korea Explore More

News

Lloyds Banking Group Initiates “Pilot Scheme” to Combat Frauds

Lloyds bank initiates a “pilot scheme” with the London police to counter criminal act...

Lloyds Banking Group Initiates “Pilot Scheme” to Combat Frauds Explore More

News

Beware of Puppy Scams This Holiday Season – BBB

The Better Business Bureau (BBB) has warned people to be cautious of online puppy scams, especial...

Beware of Puppy Scams This Holiday Season – BBB Explore More

News

Homeland Security Wants Facial Recognition For All Entering or Leaving US

The federal government is considering changing airport security in a major way. Facial recognitio...

Homeland Security Wants Facial Recognition For All Entering or Leaving US Explore More

News

Standard Chartered Is Fined $13.6 Million by India’s AML agency

Standard Chartered Bank is fined $13.6 million by India’s anti-money laundering agency for 2007 d...

Standard Chartered Is Fined $13.6 Million by India’s AML agency Explore More

News

EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks

The European Parliament’s main political group called for a review of Switzerland’s banking pract...

EU Parliament to Consider Black-Listing Switzerland After Credit Suisse Leaks Explore More

News

NGOs Advised on Due Diligence to Tackle Terrorism Financing

The Financial Crimes Commission’s SCUML has advised Non-Governmental Organizations (NGOs) to cond...

NGOs Advised on Due Diligence to Tackle Terrorism Financing Explore More

News

UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers

Facial recognition instead of Emirates ID card readers will now verify identity. The Federal Auth...

UAE Adopts Facial Recognition for ID Verification Instead of Emirates ID Card Readers Explore More

News

Alibaba copyrights blockchain system that detects music copycats

Granted by the U.S. Patent and Trademark Office on April 21, the method as described by the Chine...

Alibaba copyrights blockchain system that detects music copycats Explore More

News

Research for Implications of CBDC on the Rise in Australia

As of the November 2 announcement of the Reserve Bank of Australia, the country has partnered wit...

Research for Implications of CBDC on the Rise in Australia Explore More

News

Crypto Adoption on the Rise, PayPal will Offer Crypto Payments in 2021

In the digital era, companies are shifting toward digital means of communication. Banks have plan...

Crypto Adoption on the Rise, PayPal will Offer Crypto Payments in 2021 Explore More

News

Danske Bank Facing the Long-term Cost of Money Laundering

Danske Bank is still facing the consequences of its involvement in the €200 billion worth of mone...

Danske Bank Facing the Long-term Cost of Money Laundering Explore More

News

Swedish Bank SEB Accused of Money Laundering

Investigations done by the news agency TT and broadcaster SVT revealed that 25 SEB clients record...

Swedish Bank SEB Accused of Money Laundering Explore More

News

Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud

SAMA urges clients to practice the highest degree of caution and prevents exposing any confidenti...

Saudi’s SAMA Warns Clients of Upsurge in Financial Fraud Explore More

News

Enhanced AML/CFT Framework Pays Off – Mauritius Off FATF’s Grey List

Implementing an enhanced AML/CFT framework brings terrific news for Mauritius as they are off FAT...

Enhanced AML/CFT Framework Pays Off – Mauritius Off FATF’s Grey List Explore More

News

$2 Shell company laundered hundreds of millions at Crown Casino Perth

International organizations are believed to be using Crown Perth to launder hundreds through $2 s...

$2 Shell company laundered hundreds of millions at Crown Casino Perth Explore More

News

U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism

U.S Congress subcommittee worries that Bitcoin might have been used in funding the Capitol revolt...

U.S Congress Suspects the Use of Bitcoin to Fund Domestic Terrorism Explore More

News

Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering

Nepal could be added to FATF’s greylist as the global AML watchdog has found a  number of deficie...

Nepal at Risk of ‘Graylisting’ for Allowing Money Laundering Explore More

News

ECOWAS Partners with Interpol to Tackle Money Laundering

ECOWAS (Economic Community of West African States) partners with INTERPOL (International Criminal...

ECOWAS Partners with Interpol to Tackle Money Laundering Explore More

News

China Strides Forwards with New KYC Rules to Rein Money laundering

China is stepping up to fight its long-running battle against financial crimes such as money laun...

China Strides Forwards with New KYC Rules to Rein Money laundering Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started