• Lockcode Cyber

Cyber crime costs Londoners £26 million a month, police warn

About 3,500 victims of cyber fraud are recorded in the capital each month, with phishing emails, ransomware and malware the most common scams.

Senior Met officers warned fraudsters often target individual employees to bypass company security systems.

Detective Chief Superintendent Mick Gallagher, head of the Met’s Organised Crime Command, said:

“We accept organisations and the public generally have the technology and correct processes but it is people that are vulnerable.

“What we are finding is that people are vulnerable through a lack of understanding of the cyber threat.”

He said criminals were singling out individuals and targeting them in a “Trojan horse” style tactic to infiltrate firms.

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