Lottery Fraud Costs Victims £1m

Criminals are experts at impersonating organisations and will mimic a number of well-known prize draws to take advantage of unsuspecting victims.

Between April and October 2021, Britain's online crime portal Action Fraud received 629 reports of lottery fraud, with 89 per cent of reports mentioning well-known prize draws. Impersonation of People’s Postcode Lottery accounted for almost half (49 per cent) of all reports.

Often criminals will contact unsuspecting victims saying they have won a lottery or prize draw. The victim is then told to pay an advance fee in order to receive their winnings. In reality, the winnings are non-existent and it is an attempt to steal the victims money and or financial information.

“Remember, you can’t win a draw that you haven’t entered so if you’re contacted out of the blue claiming you’ve won a prize draw but can only access these winnings by paying an advance fee: stop and think as it’s likely to be a scam. This could protect you and your money,” said Detective Chief Inspector Craig Mullish, of the City of London Police 

Almost three quarters of victims (70 per cent) were aged over 50, with those aged over 65 accounting for 40 per cent of reports.

Over half of the reports (59 per cent) mentioned being contacted via telephone. Other methods of contact reported by victims included email (21 per cent) and postal letter (10 per cent). Almost have of victims (41 per cent) said they were asked to pay the advance fee to release the alleged winnings by purchasing gift cards and relaying codes to the fraudster.

  • Fraudsters use gift cards as a form of payment as they can be easily redeemed and sold on. These criminals also don’t need the physical card to redeem the value and instead get victims to share the serial code on the back of the card with them.
  • In other instances, victims reported being asked for personal and financial information in order to obtain their alleged winnings. Some victims reported providing their bank details thinking they would be sent a small payment to verify the account. In reality, criminals will use these details to steal the victims money.

Another version of unexpected prize scams involves scammers gaining access to someone’s social media account and contacting extended family members (aunts, cousins etc) and telling them that they have all won money. The scammer then provides an email address through which they will receive instructions on how to claim their prize.

This is a particularly insidious version of the scam as it uses the trust between family members to succeed in scamming people out of their money.

Action Fraud:      Scamwatch

You Might Also Read: 

One Fifth Of British Adults Suffer Online Fraud:

 

« Wind Turbine Maker Shuts Down Computer Systems
Online Campaign To Influence Presidential Elections - Iranians Charged »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

Resecurity, Inc.

Resecurity, Inc.

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

Perimeter 81 / How to Select the Right ZTNA Solution

Perimeter 81 / How to Select the Right ZTNA Solution

Gartner insights into How to Select the Right ZTNA offering. Download this FREE report for a limited time only.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

VMworld

VMworld

VMworld is a global conference for virtualization and cloud computing, including associated security issues.

Juniper Networks

Juniper Networks

Juniper Networks is the industry leader in network innovation. We provide network infrastructure and network security solutions.

Cyber adAPT

Cyber adAPT

Cyber adAPT offers a leading network threat detection platform (NTD) to the enterprise and ODM/OEM markets.

Egerie

Egerie

EGERIE's RiskManager solution provides a Global, Centralized, and Updated view of risk maps and security measures for your company.

Entrust

Entrust

Entrust is a global leader in digital security, identities, payments, and data protection.

National Cyber Security Centre (NCSC) - Ireland

National Cyber Security Centre (NCSC) - Ireland

The National Cyber Security Centre (NCSC) is the operational side of the Department of Communications in regard to network and information security in the Republic of Ireland.

Magtech Solutions

Magtech Solutions

Magtech Solutions is a one-stop IT Solutions provider offering Cloud Computing, IT Security, Unified Email Solutions and ERP systems.

Computer Network Defence (CND)

Computer Network Defence (CND)

Computer Network Defence (CND) are a Broad-Spectrum Cyber Security Consultancy and Recruitment Agency.

Fiserv

Fiserv

Fiserv offers a wide array of Risk & Compliance solutions to help you prevent losses from fraud and ensure adherence to regulatory and compliance mandates.

CHEQ

CHEQ

CHEQ provides fully autonomous, preemptive technology for brand safety and ad-fraud prevention.

Absa Cybersecurity Academy

Absa Cybersecurity Academy

Absa Cybersecurity Academy is an initiative aimed at empowering marginalised South African youths to become certified cybersecurity specialists.

Feroot Security

Feroot Security

Feroot Security secures client-side web applications so that businesses can deliver a flawless user experience to their customers. Our products help organizations protect their client-side surface.

NexGen Cyber

NexGen Cyber

NexGen Cyber helps customers in commercial SMB markets with IT security, security integration, service management, outsourced service transition, and transformative security solutions.

Fulcrum Technology Solutions

Fulcrum Technology Solutions

The Fulcrum team of technologists are recognized experts in the fields of IT Infrastructure Technology, Security, Service Management and Support.

NewsGuard Technologies

NewsGuard Technologies

NewsGuard provides transparent tools to counter misinformation for readers, brands, and democracies.

Aliro Security

Aliro Security

AliroNet is the world’s first entanglement Advanced Secure Network solution.