Illegal streaming on platforms like Sky and other premium services is gaining popularity, driven by the desire to save money. Many UK households are opting for ‘dodgy’ Fire TV Sticks or modified set-top boxes as a cost-effective way to access sports and movie content.
However, the allure of these illegal streaming platforms can lead to significant financial repercussions. Recent research by BeStreamWise reveals that a substantial 40% of illegal streamers surveyed have fallen victim to financial fraud, with some facing bills as high as £1,680.
One common risk associated with unofficial streams is the potential for hackers to exploit user data to steal credit card information, resulting in unauthorized transactions. On average, victims lose a staggering £1,680, with some individuals reporting losses of up to £7,500.
Despite the initial cost savings, the dangers of illegal streaming far outweigh the benefits. BeStreamWise’s study indicates that while illegal streamers save an average of £13.38 per month (£160 annually), the potential financial losses are 950% higher than the yearly savings.
Ethical hacker Rob Shapland warns against the false sense of economy associated with illegal streaming, emphasizing the ease with which criminals can exploit personal information for financial gain. The risks extend beyond financial losses, with nearly two-thirds of illegal stream viewers experiencing security threats like malware and pop-ups.
Detective Chief Inspector Emma Warbey of the Police Intellectual Property Crime Unit at City of London Police underscores the serious consequences of illegal streaming, highlighting the financial impact on the entertainment industry and the increased exposure to data theft and cybercrime. Collaborative efforts, including initiatives like BeStreamWise, aim to educate the public on safe and legal online content consumption.
As efforts continue to disrupt illegal streaming activities and hold perpetrators accountable, it is crucial for users to prioritize online safety and support legitimate content providers.