NatWest has reported facing a staggering 100 million cyber attacks each month, as highlighted during a session with Holyrood’s Criminal Justice Committee. Experts revealed the increasing threat of digital crime, including a significant rise in fraud attempts leveraging artificial intelligence.
Key Points
- NatWest blocks a third of incoming emails believed to be malicious.
- Cyber crime incidents in Scotland surged from 7,710 in 2020 to 18,280 in 2024.
- Fraudsters are increasingly using AI to enhance their scams.
- Some criminals have even impersonated individuals in online calls to gain victims’ trust.
- Collaboration among international law enforcement is increasing to combat cyber crime.
Why should I read this?
Seriously, if you think you’re safe online, think again. This article dives into the unbelievable number of cyber threats our financial institutions face every day. Understanding the scale of this issue can help you and your organisation better prepare and protect against scams that are only getting more sophisticated!
