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Cybercrime financial loss

From the start of 2021, the UK has reported a total of 14,883 instances of cybercrime, with total losses of £5.7m. A new study from click fraud prevention experts PPC Shield, indicates that malicious hacking, fraudulent use of social media accounts and email scams are the most common form of cybercrime so far this year – accounting for 43% of all reported incidents since January 1. Also in the high-ranking categories are reports of malware/ viruses, personal hacking and extortion. 

Though cybercrime against corporate bodies only accounts for 10% of the UK’s reported offences, their financial losses of £1.9m accounts for a third of the total figure.