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A new report from the Royal United Services Institute (RUSI) think-tank has found that cybercriminals are ‘falling into the market’ as they turn to sums as low as £ 10 to individuals but on a massive scale.
The report, The UK’s response to cyber fraud: a strategic vision, warned that cyber fraud is “endemic” in the UK. A study has estimated that fraud (of which cyber fraud is the most common form) has an annual cost of £ 190 billion to the UK economy.
Among other issues related to dealing with cyber fraud in the UK, there is a lack of clarity regarding the understanding of cyber fraud and …
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