Rising tide of computer crime

UK banks have lost £4.5m to internet fraud in the last year. The majority of this fraud is thought to be carried out by organized criminal gangs in Eastern Europe. CentralBankNet reports on this growing phenomenon.

According to figures released today by the UK payments association APACS, British banks have lost £4.5m to internet fraud in the last year, as 2,000 customers have given away their internet banking security details to fraudsters perpetrating "phishing" scams.

Since the phenomenon

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