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Notts fraud team gives advice to Natwest business customers

May 10, 2018
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Last week (Thursday 3 May), members of Nottinghamshire Police's Fraud Team gave a talk to almost 200 commercial Natwest customers on cyber safety and fraud.

As part of the 30-minute presentation, DI Yvonne Dales and DS Susan Howell covered a multitude of topics, including case studies on two types of crime that have been particularly prevalent in recent times.

The first case study covered the dangers of falling victim to ransomware. Following a number of high-profile breaches on major public and private systems over the last 12 months, this type of attack often locks the user out of their systems, and culminates with either the individual or business being asked to pay a monetary ransom to regain access.

The study covered the steps that might lead to being vulnerable to such an attack, and some of the dos and don'ts that can have a real effect on protecting yourself and preventing the circumstances in which this can happen.

The second case study covered the topic of mandate fraud. While perhaps not as high-profile as ransomware has been recently, this type of fraud can have equally detrimental effects.

By posing as 'trusted suppliers', a fraudster can request payments that result in companies unwittingly diverting payments for genuine work to a bank account operated by the fraudsters who pocket the money for themselves.

The study covered the common indicators that a request might not be as genuine as it first seems, and signs for businesses to look out for including previously compromised systems and the internal risk from their own staff in terms of due diligence, privacy rules and social engineering.

Following these, advice was also given in a more general sense on how businesses can take steps that are often low-cost or easy adjustments to normal working practices to protect themselves and minimise future risk.

This included how to review your digital footprint, being aware of common social engineering tactics, how to make a report and useful sources of information such as the Take Five campaign and Action Fraud.

Of the opportunity to present to a range of small-medium-sized enterprises, DI Dales said: "This is a fantastic way for us to engage with lots of businesses in wide-ranging in their experience with and knowledge of cyber security, fraud and steps they can take to help protect their systems.

"It was a good opportunity to get across the message that while attacks will often come from an external source, being aware of their own circumstances and getting their own internal systems and processes right early on can make a big difference."

To find out more about protecting your business against cyber attacks and fraud, visit Get Safe Online's business advice section.

You can also find some very useful information, advice and guidance on our website about cyber crime and fraud.

Action Fraud is the UK's national fraud and internet crime reporting centre. 

Tel: 0300 123 2040

Take Five is a national campaign that offers straight-forward and impartial advice to help everyone in the UK protect themselves against financial fraud.