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Cyber thieves go in for ‘silent stealing’ during pandemic

The shift to working from home has seen a rise in cyber criminals targeting people’s personal bank accounts, sometimes 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 ‘downmarket’ 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, this makes it difficult to understand the sheer size of the scam.
The report said: “There’s a working hypothesis that criminals are going downmarket. Are you going to call Action Fraud or your bank in a case where you lose £10?”

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