Online financial fraud up 20% in Britain

Cybercrime in the UK rose overall by more than 9% in 2007, according to a new report.

Online identity firm Garlik’s cybercrime report claims that more than 3.5 million online crimes were committed in the UK last year.

In 2007, the sharpest rise was in online financial fraud, with more than 250,000 incidents reported in 2007; a 20% rise on the previous year.

The report highlighted a growing professionalism among online criminals, with personal and credit details being traded online. Garlik said that the information black market had doubled, with more than 19,000 illicit traders identified…

I like the part where they speak of cybercriminals using “sophisticated and professional techniques”.

The #1 strategy remains – find someone gullible. There is no patch for stupidity.

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