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Data breaches costing UK £4bn per year
Credas Technologies, the leading identity verification checks provider, has revealed that identity theft is the driving factor behind more than 28 million data breaches across the UK since 2013, breaches that cost the nation close to £4 billion each and every year.
On a global level, it is estimated that there have been close to 10 billion digital data records stolen or breached since 2013. The UK ranks fifth when it comes to national total data breaches, with over 140 million files stolen or breached in this timeframe, trailing just the USA, India, China, and South Korea.
Across the UK, this equates to an average of 28 million data breaches per year, which is estimated to cost the UK £3.7 billion on an annual basis.
One of the most common motivations for data hacking is identity fraud and the latest data from the National Fraud Database (NFD) shows this fraudulent practice accounts for 63% of all cases of fraudulent conduct. What’s more, cases of identity fraud across the UK have increased by 22% in the past year alone.
With id fraud rising so dramatically, how do companies and individuals avoid falling victim to data hacking criminals? The most important thing is to know exactly what the warning signs are and what you need to be looking out for.
Warning signs of identity theft
- Missing Documents
Sensitive documents which hold personal information – such as a passport or driving licence – are incredibly valuable to identity thieves. If you discover that any such documents are missing, there is a chance that someone is using your personal information to make purchases or take out credit cards or loans in your name.
- Missing Mail
In a similar vein, if you notice that bank or credit card statements are not arriving through the post, it might indicate that someone is intercepting your mail and stealing the sensitive information held inside.
- Unrecognised items on bank statement
Very few people make a point of studying their bank statements each month, but with identity fraud on the rise, it’s more important than ever to do so. Each month, go through your statement and if you spot any transactions that you don’t recognise, contact your bank or credit card provider immediately. They will then help you figure out what’s going on and put a halt to any illegal activity that might be taking place.
- Duplicated claims
If, for example, you apply for state benefits and are refused on the grounds that you already claim such benefits, it’s important that you look into the situation rather than ignore it because there’s a chance that someone else has applied and is receiving benefits in your name.
- Solicitor letters
If you receive letters from solicitors, debt collectors, or bailiffs, etc, chasing money that you are sure you don’t owe, it can indicate that someone else is running up debt in your name. The same applies if you receive a court summons that you aren’t expecting.
- Unexpected deliveries
If you receive deliveries that you have not ordered, it might suggest that someone else is making purchases with your money, especially if the delivered items are expensive, such as a laptop, television, or smartphone. Someone may have ordered the item using your name and bank details and simply forgotten to change the delivery address or intercept the package.
- Tampered bins
Finally, if you notice that your rubbish or recycling bins have been tampered with, it might be that someone has rummaged through them in search of discarded documents that contain sensitive information. To avoid any such risk, it’s important to shred or destroy sensitive documents before throwing them away.
Tim Barnett, CEO of Credas Technologies says
“All of the most important financial elements of our lives are now handled online. We have passwords and logins for everything from our current accounts to our pension pots and we also apply for new bank accounts, mortgages, rental properties and more online.
While this brings great convenience, it also leaves you vulnerable to criminals and today, the lengths these criminals will go to are advancing at a faster rate than some businesses and organisations are improving their digital security.
Companies big and small need to make sure they’re doing all they can in the fight against online criminality and while that starts with ensuring they have a robust and unbreachable tech infrastructure, it also involves verifying the identity of consumers before they have the opportunity to infiltrate our society.
This is really the absolute minimum that should be done and with many companies choosing to do this manually, it allows far too many to slip through the cracks, enabling them to conduct criminal activities at ground level.”
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WorldMatch has entered into the dynamic online gambling market of Romania through a strategic partnership with top-tier operator MrBit.
Under this partnership, WorldMatch’s titles will be available exclusively on the MrBit platform, offering Romanian players a unique first opportunity to experience the provider’s games. The operator plans to launch initially with WM’s top performing games, featuring some of their most popular titles like Book of Pharaon Deluxe, Devil Girl, Fortunella.
Xhuljana Demerxhiu, Head of Sales at WorldMatch, said: “We are thrilled to debut in the Romanian market with such an innovative partner as MrBit. The exclusive agreement accentuates the value MrBit places on the quality and uniqueness of our content. We look forward to offering their players an engaging gaming experience, and once we are live in Romania, we will immediately begin preparations for the launch in Bulgaria.”
The post WorldMatch Partners with MrBit appeared first on European Gaming Industry News.
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The Dutch Lottery (Nederlandse Loterij) has completed the full acquisition of Lotify. Lotify supports sports associations, sports clubs, charities, events and businesses in organising fundraising lotteries and competitions. With this acquisition, the Dutch Lottery strengthens its position as an innovative and responsible gambling provider.
Since 2021, the Dutch Lottery has held a majority stake in Lotify. The platform offers a comprehensive solution for organising lotteries and competitions that comply with all legal requirements: from permits and technology to participant communication, draws and payouts.
Arjan Blok, CEO of the Dutch Lottery, said: “The Dutch Lottery has almost 300 years of experience organizing fun and responsible games of chance. As a fully integrated part of the Dutch Lottery, Lotify can leverage our knowledge, network, and impact even more effectively. This allows us to support even more sports federations, clubs, and charities. Especially in these times, they are looking for new ways to raise funds.”
Guy van Iperen, founder of Lotify, said: “After four years of intensive collaboration, the time has come to transfer Lotify to the Dutch Lottery. This is in line with the agreements we made in 2021, when the Dutch Lottery acquired a majority stake. I look back with pride on what we have built together and am confident that the platform will continue to grow under this new owner. This way, Lotify can help even more organizations generate additional funding.”
The post Nederlandse Loterij Acquires Lotify appeared first on European Gaming Industry News.
Latest News
Oddin.gg Wins the Deloitte Technology Fast 50 Central Europe for the Second Year in a Row
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For the second consecutive year, Czech-based esports technology company Oddin.gg has taken the top spot in the Deloitte Technology Fast 50 Central Europe, underscoring the company’s sustained momentum and highlighting the global demand for an innovative and high-performing esports betting infrastructure.
The Deloitte Technology Fast 50 Central Europe program recognizes the region’s fastest-growing technology companies across sectors including fintech, software, communications, environmental tech, hardware, healthcare, media and entertainment. Rankings are based on percentage revenue growth.
Commenting on the win, CEO and Co-Founder Vlastimil Venclík shared: “Being recognized by the Deloitte Technology Fast 50 for the second year in a row is an honor. It reflects not only our growth, but the trust our partners place in us and the hard work of our team. Esports is evolving quickly, and we’re committed to delivering reliable, high-performing infrastructure that helps operators succeed, now and in the years ahead.”
Founded in 2018, Oddin.gg is dedicated to elevating the excitement of digital esports competitions and equipping sportsbook operators with reliable solutions that maximize engagement, betting activity and profitability.
Vlastimil Venclik credits the company’s growth to its industry expertise, its focus on the betting vertical, and its forward-thinking, customer-first product strategy.
“Our team blends former professional players with data scientists and engineers. That mix gives us the deep esports knowledge and technical capability needed to solve real challenges for operators and deliver measurable results, while also reducing their exposure to risk.”
Oddin.gg stands apart by offering a unified, end-to-end ecosystem for esports betting, allowing operators to work with a single vendor for odds feeds, risk management, widgets, BetBuilder, iFrame and 24/7 eSimulators while also producing and managing everything in-house. This integrated approach is a core pillar of Realms Group, where Oddin.gg leads the effort to shape how audiences experience live digital entertainment.
“We’re expanding in two major directions. First, by building faster, smarter, more interactive products that deepen engagement for fans and bettors. Second, by growing geographically, supported by recent certifications in Brazil as well as earlier approvals in the United States and Canada. This makes us one of the most secure and trusted providers in the market,” Venclik said.
The post Oddin.gg Wins the Deloitte Technology Fast 50 Central Europe for the Second Year in a Row appeared first on European Gaming Industry News.
WorldMatch Partners with MrBit
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