Humber Business Resilience Forum (HBRF) board member Steve Hanson, Barclays’ Head of Business and Corporate for Humber and York, looks at the threats facing our region’s businesses in a recent article published by the Business Intelligence magazine, the publication of the Hull and Humber Chamber of Commerce.

Falling victim to a cyber fraud attack can result in major financial losses, while data breaches can severely damage customers’ trust in a company. Fraudsters can easily monetise stolen information by selling it online, and the impact of this on businesses’ reputations can be severe. Individuals have been given increased anonymity as internet and email-based transactions have become the norm in business. Fraud, more than ever, may cover many different jurisdictions, with victims, beneficiaries and fraudsters potentially located in different countries. This makes it difficult to investigate fraud and, crucially, very hard to recover funds.

In the article Steve covers the most common cyber fraud scams for banking customers, the most common mistake cyber fraud victims make and the advice they would give to customers to keep them sage from cybercriminals.

To read the article in full click here and go to page 28.

As an active member of the HBRF board Steve is keen to make the Humber region more resilient to cyber-attacks and to become one of the most secure places in the UK to do business in cyberspace. The Forum provides local businesses with education and insight to enable them to prepare for, respond to and emerge from an attack. Register for membership today by visiting www.hbrf.co.uk/membership

Prevention is always better than cure so we are committed to helping businesses protect themselves from online fraudsters.