Hacked and ashamed? C'mon, Brits – report that cybercrime

  • 21 October 2014
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By John Leyden, 21 Oct 2014
 
Internet-enabled frauds reached £670m across the UK in the 12 months running up to the end of August, according to new figures from the National Fraud Intelligence Bureau.
Since the majority of internet-enabled fraud cases still go unreported, the true economic cost to the UK is likely to be significantly higher.
 
The figures were released as part of the 2014 edition of the annual Get Safe Online Week, which runs from 20 to 26 October.
As part of Get Safe Online Week, credit reference agency Experian unveiled research on illegally traded information, which shows an increase of 300 per cent over the last two years. More than 110 million pieces of data bought and sold by criminals so far in 2014. The figures come from independent study was commissioned by Experian using web monitoring technology.
 
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