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June 2, 2010

Millions of pounds lost through online fraud

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by David Allen

Despite organisations running days of action against online and other fraud, the loses experienced by the UK public are claimed to be running at a massive £3.5 billion per year!

The day of action took place on the 1st June and involved organisations from around the world including Australia, Canada, Holland, UK and the USA.

Its seems that the majority of these frauds are conducted through direct mail campaigns rather than online, although that is not to say that online fraud is on the decline, quite the opposite in fact.

Online fraud can appear in many forms and although there are obvious frauds, these emails and letters are becoming more sophisticated and therefore more believable to some users.

Victims of fraud can contact Action Fraud, either online at www.actionfraud.org.uk or free phone 0300 123 2040

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