Fraud is one of the most prevalent types of crime in the UK, and with increased internet usage during the pandemic, coronavirus is creating a perfect environment for fraudsters to thrive.
City of London Police recently reported a 400% increase in scams as a result of coronavirus-related fraud. Over 100 reports have been made to Action Fraud, the UK’s national reporting centre for fraud and cybercrime, with total losses reaching nearly £1M. The UK's National Cyber Security Centre (NCSC) said it took down more than 2,000 online coronavirus scams last month.
We all need to be extra vigilant at this time, and the authorities as well as a number of consumer organisations have issued a number of warnings and helpful guidance notes that can be found through a quick search of “coronavirus fraud” online.
If you’re a type of business that could be subject to attack by fraudsters pretending to be you and contacting your customers for payments, then it may be wise to provide guidance to your customers on how they know or can find out if it is really you.
If fraud involves your customer’s personal data being compromised, then under the GDPR there are mandatory obligations on you to self-report without delay to the Information Commissioner’s Office and in some instances to your customers. Our team at Knights can guide you through your obligations and how they should be discharged should you need this.