Illegal streaming on platforms like Sky is gaining popularity due to the desire to save money by using unauthorized devices to access sports and movies. However, this seemingly cost-effective solution can lead to unexpected financial repercussions, with some UK users facing bills as high as £1,680.
Research conducted by BeStreamWise reveals that 40% of users engaging in illegal streaming have fallen victim to financial fraud schemes. Hackers exploit personal data provided during sign-up for unofficial streams to pilfer credit card information, resulting in substantial financial losses for unsuspecting individuals.
On average, the amount stolen from victims is a staggering £1,680, with some individuals reporting even greater losses, such as £7,500. Despite the initial appeal of saving approximately £13.38 per month through illegal streaming, the risks far outweigh the benefits. In fact, the average financial loss incurred is 950% higher than the yearly savings obtained through illegal streaming.
Ethical hacker Rob Shapland warns against the dangers of illegal streaming, emphasizing that criminals exploit such platforms to steal personal information and financial data. By connecting modified devices or downloading unauthorized streaming apps, individuals inadvertently expose themselves to potential data breaches and financial exploitation.
Moreover, BeStreamWise highlights that nearly two-thirds of illegal streamers have encountered security threats like malware and malicious pop-ups, underscoring the prevalent risks associated with unauthorized streaming. Detective Chief Inspector Emma Warbey from the Police Intellectual Property Crime Unit cautions against the false economy of illegal streaming, citing its adverse impact on the entertainment industry and the heightened vulnerability of users to cyber crimes.
Collaborative efforts are ongoing to combat illegal streaming activities and hold perpetrators accountable. Initiatives like BeStreamWise aim to educate the public on safe and legal online practices, emphasizing the importance of consuming content through legitimate channels to safeguard against financial losses and cyber threats.