Charities at risk of ‘underestimating’ online fraud as one in eight experienced cybercrime last year

The Charity Commission is warning charities against the risk of online fraud, as a new survey found around one in eight charities (12%) had experienced cybercrime in the previous 12 months. This follows earlier findings indicating that the pandemic prompted increasing numbers of charities to move to digital fundraising and operating, exposing them to the risk of cybercrime. Most concerningly, the survey highlighted a potential lack of awareness of the risks facing charities online, with just over 24% having a formal policy in place to manage the risk. Similarly, only…

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Watchdog warns charities and the public to protect themselves against fraudsters amid pandemic

The Charity Commission is warning trustees and donors to strengthen their defences as it fears the pandemic has created environments that are enabling charity fraud. Charities have reported being victims of fraud or cybercrime 645 times since the start of the pandemic in March, amounting to £3.6 million in total losses to charities. The true scale of fraud against charities is believed to be much higher, as fraud is known to be underreported. The regulator is concerned that remote working and virtual activities and sign-off processes, combined with charities’ tendencies…

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