Cyber criminals get more sophisticated

Date: May 02, 2006
Source: Vnunet.com
By: Daniel Thomas

The cost of computer crime in the UK has doubled in the past two years and fraudsters are becoming more sophisticated, IT security experts have warned.

E-criminals are getting younger and smarter and often have computer science degrees, according to Tony Neate of the Serious Organised Crime Agency (Soca), speaking at InfoSecurity Europe in London on Tuesday.

The message comes as the Department of Trade and Industry released its latest IT security breaches survey, which shows that the cost of computer crime in the UK has increased by 50 per cent to £10bn per year.

‘Businesses now face security threats on a daily basis, but organised crime is becoming more sophisticated and targeting new industry sectors,’ said Neate.

And with some 11,000 people signing up to use ecommerce sites and internet banks each day, criminals are being presented with plenty of potential new victims, he says.
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