99 Alternatives

Opportunities are Infinite

Please wait
Business
All Categories
Priest House ad 399 Ads

What is fraud and cyber crime?

Online-hacking_0

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person.

There are many words used to describe fraud: Scam, con, swindle, extortion, sham, double-cross, hoax, cheat, ploy, ruse, hoodwink, confidence trick.

These are just a few words you might hear in relation to fraud. Fraud can be committed against individuals or businesses. Have a look in our A-Z of fraud for information about different types of fraud.

Cyber crime is any criminal act dealing with computers and networks (called hacking). Additionally, cyber crime also includes traditional crimes conducted through the Internet.

Facts about fraud and cyber crime

The Annual Fraud Indicator 2017 estimates the cost of fraud to the UK is £190bn a year. The Office for National Statistics (ONS) say that people are more likely to fall victim to fraud or cyber offences above any other crime.

Between October 2017 and March 2018 there were:

  • 332,570 total crimes were reported to Action Fraud.
  • £706 million lost by victims.
  • 62% of reports were from bussinesses and 39% from individuals.

How to report it

If Fraud has been committed report it to Action Fraud. For more advice and to raise any concerns, contact the Office of the Public Guardian.

Source - Action Fraud

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person.

Advance fee fraud

Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

Corporate fraud

Corporate fraud can be any fraud committed against a business.

Individual fraud

Individual fraud could be any fraud that targets a person directly.

Online fraud

Some fraudsters rely on the internet to commit their crimes. Learn about some different types of internet frauds that and how to protect yourself and get safe online.

Identity fraud and identity theft

Identity theft is when your personal details are stolen and identity fraud is when those details are used to commit fraud.
Natex_728x9099 Ads

Copyright © 2018 99alternatives.com   All rights reserved.

GO TO TOP    OR