Cyber Security Centre reveals latest annual threat report
Manx residents lost more than £2.2 million to scams last year.
The Cyber Security Centre for the Isle of Man has realised its Annual Threat Report for 2024.
Investment scams were the largest contributor at £1.2 million, with other losses including £391,674 to scam voice calls and £113,472 to account compromises.
The CSC clarifies, however, that these figures only come from the reports received, and so the actual figure is likely to be much higher.
The Island has seen a number of tailored scams aimed at local residents and organisations including widespread manx.net scam emails, criminals imitating Isle of Man Transport as well as websites copying local financial institutions.
Anyone who falls, or has fallen victim to a scam is being urged to report it.
Cyber Security Centre Isle of Man Director, Mike Haywood, says: 'Every pound lost to scams is not just a loss for our local economy – it’s the hard-earned money of individuals in our community. Money that could be spent on essential needs, families, or supporting local businesses and creating jobs. Instead, it is lining the pockets of criminals operating from all corners of the world.’
'The figures in this report are deeply concerning, but they are likely just the tip of the iceberg. Many scams go unreported, meaning the real cost to residents could be significantly higher.
'We encourage anyone who has been in receipt of or been a victim of a scam to report it to us. We can only fight against cybercrime if we have a picture of the threats facing our Island. Reports allow us to work with the private sector and tailor our education and awareness initiatives to counter the threats.'
The CSC has a dedicated advice and guidance page to help keep you safe from scammers.
If you have concerns about a possible scam or need advice you can follow the CSC's online form, or call the team on 01624 685557.
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