The trend of illegally streaming premium content like Sky is gaining popularity, driven by UK households seeking cost-saving alternatives. Many are resorting to ‘dodgy’ Fire TV Sticks or modified set-top boxes for access to sports and movies at minimal expense.
Despite the initial appeal, turning to illicit streaming services can result in significant financial repercussions. Recent studies by BeStreamWise show that 40% of illegal streamers surveyed have fallen victim to financial fraud, with some facing bills as high as £1,680.
Unauthorized streaming platforms present a common risk of financial exploitation, where hackers exploit user data to pilfer credit card information, leading to account breaches. The average amount stolen stands at a staggering £1,680, with reports of losses exceeding £7,500 for 1 in 10 individuals.
While saving a few pounds monthly on television subscriptions may seem attractive, the associated risks outweigh the benefits. BeStreamWise research indicates that illegal streamers trim expenses by £13.38 monthly, equating to £160 annually. However, the potential losses are 950% greater than the savings accrued each year.
Ethical hacker Rob Shapland, with extensive experience in cybersecurity, warns against the dangers of illegal streaming, emphasizing the grave security threats posed by sharing personal details with criminals through illicit platforms.
Beyond financial losses, many illegal streamers have encountered security scares, including malware and malicious pop-ups. Nearly two-thirds of respondents who engaged in illegal streaming reported such security incidents, underscoring the prevalent risks associated with unlawful content consumption.
Detective Chief Inspector Emma Warbey from the Police Intellectual Property Crime Unit highlights the deceptive allure of illegal streaming as a cost-saving measure, cautioning against its detrimental impact on industries and end users. Collaborative efforts are underway to combat illicit activities and safeguard online users, promoting legal and secure content consumption through initiatives like BeStreamWise.