The root causes of cyber incidents reported to the FCA:
% of incidents
3rd party failure
Root cause not found
According to a Freedom of Information (FOI) request submitted by think tank Parliament Street to HMRC last month (June 7) in the past three years taxpayers submitted 2,602,528 reports of phishing via email, phone and other methods to the tax office.
In the 2016/17 tax year the highest number of reports were received by HMRC at 921,900. In 2017/18 there were 782,982 reports and 2018/19 totalled 897,649, an increase of 15 per cent on the previous year.
Phishing emails based on tax rebates were the most popular, with a total of 1,957,003 reports made about them.
What do you think about the issues raised by this story? Email us on email@example.com to let us know