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UK Social Media Scam Losses Soar 400% as Hackers Hijack Accounts to Trick Friends and Family

Summary by IBTimes UK
Report Fraud says losses from hacked email and social media accounts reached £6.3M in 2025-26, up 417%, as criminals target victims' contacts.

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Criminals in the UK are increasingly hacking into other people's emails and social media accounts, and then posing as the owners of those accounts to friends and relatives in order to extract money from them. According to the UK's Report Fraud service, reported losses from such scams rose from £1.2 million in...

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BizToc broke the news on Sunday, October 4, 2026.
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