The UK must do more to stop online fraud and deter state-sponsored cyber-espionage or risk losing the fight against e-crime, MPs have warned.The Home Affairs Select Committee said much low-level internet-based financial crime was falling into a “black hole” and was not reported to the police.
http://www.bbc.co.uk/news/uk-politics-23495121Also see:Britain is losing the war against internet crime, says MP report
Britain is too complacent about the war against internet crime, which it is losing, a committee of MPs said on Tuesday.In a wide-ranging report, the Commons home affairs committee said that internet crime, or e-crime, is now more valuable than the drugs industry; that sentences are too low; and that a “black hole” in the system allowed minor e-crime to be committed with impunity.
http://www.theguardian.com/technology/2013/jul/30/britain-losing-war-against-internet-crimeBritain losing battle against internet crime, MPs say
Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of MPs said in a report on Tuesday.The Home Affairs Committee, which scrutinises the government’s domestic policy, said the “state-of-the-art espionage response team” would encourage companies, banks and institutions to report hacking attempts to uncover the full extent of online crime and halt its rise.
http://uk.reuters.com/article/2013/07/29/uk-britain-cybercrime-report-idUKBRE96S15020130729
http://in.reuters.com/article/2013/07/30/britain-cybercrime-report-idINDEE96T00520130730