Cyber thieves go in for ‘silent stealing’ during pandemic

The shift to WFH has seen a rise in cyber criminals targeting people’s personal bank accounts conning them out of as little as £10 a time. This is then multiplied thousands of times, and is known as “silent stealing”.

A Royal United Services Institute (RUSI) report explained the thieves are going down market to make their money. The RUSI said that individual victims are less likely to report the loss of a small sum of money. For the police and banks, it also becomes difficult to understand the sheer size of the scam.

The report said: “There’s a working hypothesis that criminals are going down marker. Are you going to call Action Fraud or your bank in the case where you lose £10?”