Reynolds Porter Chamberlain (RPC), an international law firm based in Britain, published some interesting facts on its survey conducted on Financial Frauds that took place last year. And as per the published material, financial data of nearly 42 million Britons was hacked last year.
RPC researchers state the figures might vary as the recorded 42m figure might include individual details that were stolen multiple times on a separate note.
Analysis made by the law firm claims that most of the stolen details were picked up by criminals from computers that were locked down from access until a ransom was paid.
Thus, financial institutions are being requested to bolster their IT infrastructure before it’s too late, as hacks on such companies have raised to a stunning 1,800 percent in between 2020-2021.
One reason for such upraise is the fact that most of the British populace were accessing digital banking services for convenience and to enact the government imposed strict lockdown curbs.
Most of the public are not aware of the fact that cyber criminals are always on the prowl of weak targets that are innocently ready to dole out their personal information with little effort. And previous studies have claimed most of such people from the age groups between 18-23 and 55 to 72 are falling prey to criminals.
Using a 2-factor authentication to complete a financial transaction and keeping the operating system of the computing device updated and following basic cyber hygiene can help us keep cyber criminals at bay.