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34 Million Christmas Shoppers Prepare To Face The Fraudsters On Cyber Monday

ABINGDON, England, November 27, 2013 /PRNewswire/ --

Consumers urged to be more "netwise" as online sales reach pre-Christmas peak

  • Online fraud has cost UK shoppers £1.5bn since the last festive season
  • Four million online fraud victims in the UK a year with an average loss of £371
  • Barclays and Kaspersky Lab urge 33.6m online shoppers to be "netwise" this Christmas

As Christmas shopping frenzy Cyber Monday ( December 2 nd) approaches, research has found that British online shoppers have been victims of fraud totalling [i]£1.5bn in the past twelve months.

According to the research, conducted by Barclays and Kaspersky Lab, supporting partners of Getsafeonline.org, more than [ii]four million people have fallen victim to online fraud in the UK since last December, with an average loss of £371 per incident.

Online criminals could be set for a fraud field day on Cyber Monday, as [iii]33.6 million people plan to purchase their Christmas gifts online this year.

Despite online shopping becoming part of the fabric of life in the UK, there are still large numbers of consumers who have a naive attitude to the risk of fraud with over a quarter (27%) admitting that they don't take the precautionary measure to protect their finances online.

To prevent the festive period becoming a windfall for fraudsters, Barclays and Kaspersky Lab are encouraging the nation to be more netwise and to pay greater attention to their internet security.

Alex Grant, Managing Director, Fraud Prevention at Barclays, said: "As the number of people shopping online is set to peak this Monday - with 33.6 million of us planning to do our shopping on the web this Christmas - cyber-criminals will have a field day if precautions aren't taken. Our research has shown that internet shoppers will be faced with a high level of threat to their personal and financial information as they hit the online stores this Christmas."

"That's why we've teamed up with Kaspersky Lab to offer all our customers free access to their suite of products that keep financial information safe and have created a range of tools and advice working with Getsafeonline.org."

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