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UK Police Chief Tells Banks to Stop ‘Rewarding’ Online Fraud Victims

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Refunding victims of online fraud reinforces their failure to protect themselves, head of London’s Metropolitan Police Bernard Hogan-Howe said Thursday.

MOSCOW (Sputnik) – Refunding victims of online fraud reinforces their failure to protect themselves, head of London’s Metropolitan Police Bernard Hogan-Howe said Thursday.

"That’s one thing to consider. If you are continually rewarded for bad behavior you will probably continue to do it but if the obverse is true you might consider changing behavior," Hogan-Howe said in an interview with Britain’s The Times.

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Hogan-Howe argued that victims need incentives to update anti-virus software and create passwords that are harder to breach.

The newspaper’s parallel investigation into policing uncovered that the inclusion of cybercrime estimates in official data this summer will double the crime figures. Its research last September found that police follow up on fewer than one in 100 online fraud cases.

Basic information risk management, including safer passwords, can stop up to 80 percent of cyberattacks, the British intelligence agency GCHQ said in its 2013 report.

The British government estimates cybercrime costs the country’s economy a pound equivalent of $38 billion every year.

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