Internet is becoming as lawless as the Wild West, report peers

Posted by Kendall Harmon

The internet has become a playground for criminals in which highly specialised gangs steal money from bank accounts, according to a Parliamentary report published today.

A huge underground economy is making a living from e-crime, which fuels the perception of the internet as a lawless “Wild West”, the peers report said.

Millions of pounds are being lost by banks around the world as a result of online banking fraud, including £33.5 million lost by British banks last year.

Read it all.

Filed under: * Culture-WatchBlogging & the Internet* Economics, PoliticsEconomy

Posted August 10, 2007 at 10:30 am [Printer Friendly] [Print w/ comments]

1. Pageantmaster ن wrote:

Just when you thought it was safe to go in the water.

August 10, 12:17 pm | [comment link]
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