The National Cyber Security Centre (NCSC), a United Kingdom Government organization offering supports and advice to the public on cybersecurity issues, recorded over one million scam reports from the public, barely two months after it launched an email suspicious report service.
The organization said it blocked off about 10,000 scam related links, and more than 5,000 of the detected online scams were related to fake crypto schemes, a report has said.
NCSC was founded in 2016 under the parent company Government Communications Headquarters (GCHQ) as part of the UK government cyber Awareness campaign.
According to the report by NCSC, the email reporting service was launched in April 2020 and the organization had since received a massive response from the public, recording an average of about 17,000 emails daily. The suspicious email reporting service is a tool that allows members of the public to forward reports of suspected fraud related emails to the NCSC.
Cryptocurrency schemes where investors are persuaded to buy digital assets such as Bitcoin with a promise of high returns were also reported, and they have been taken down by the NCSC.
NCSC in the release, affirms that millions of funds are being lost to cryptocurrency scams annually in the UK. The report claims that there are lots of fake online spoofs and shops in existence, posing to offer services like HM Revenue and Customs, Driver and Vehicle Licensing to rip people off their treasury.
According to the chief executive officer of NCSC, Ciaran Martin, achieving a milestone of one million suspicious emails reports is a proof that members of the public in Britain are vigilant, and they are active towards reducing the damages caused by scammers. Martin went further to express gratitude to everyone who contributed to the success of the scheme to make the internet a safer place.
Oliver Dowden, the Digital Secretary, added that the NCSC is working tirelessly to combat cybercrime and the team is committed to making the UK a safer place to be online, by taking down cybercriminals.
The report claims that ten percent of reported scams were taken down within one hour of the report, and about forty percent were taking down in 24 hours. Also, the one million reports have helped the NCSC take down about 10,200 malicious URLs that link 3,485 individual sites.
The suspicious email reporting system service was co-developed with the city of London police to support policing by providing live-time analysis to identify new patterns of online crimes, nevertheless, the NCSC reported that scams relating to cryptocurrency investments are fast-growing, as perpetrators trick people into handing over their funds through bogus websites.