Action Fraud UK have warned that within the past 24 hours a number of businesses throughout the UK have received extortion demands from an online hacking group.
The group have sent emails demanding payment of 5 Bitcoins to be paid by a certain time and date. The email states that this demand will increase by 5 Bitcoins for each day that it goes unpaid. Read more about the Action Fraud alert .
Fraud risks change over time so make sure your Fraud Risk Assessments are reviewed on a regular basis and reflect current trends and threats relevant to your business sector. Also make sure you have an effective communication strategy to inform relevant staff of the nature of the risks, how to spot a possible fraud and what to do in the event that they suspect a fraud. You should also have an agreed Fraud Response Plan so that everyone in your business knows how to respond to incidents of suspected fraud.
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