British Cybercrime Victims Lost £34M In 6 Months

Law360, London (January 28, 2019, 6:47 PM GMT) -- More than £34.6 million ($45.5 million) was stolen from U.K. victims of cybercrime over the last six months, the latest police statistics show, with over 13,000 crimes reported.

The cost of cybercrime to the public has rocketed in the six months between April and September 2018, according to the City of London Police, which runs Action Fraud, a national reporting center for fraud and cybercrime. Total loses increased by 24 percent between October 2017 and March 2018, when it stood at £28 million.

“In particular, criminals are targeting social media users and online account holders in a bid to make money...

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