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Cybercrime goes mobile
Cybercrime is on the increase. Figures show that in 2007, £3m was stolen from UK bank branches directly. However, Dr Ross Anderson from Cambridge University reported in his 2012 paper, 'Measuring the cost of cybercrime', that online card fraud led to over £135m being stolen from UK banks in 2010. In fact, over 40 times more is taken from banks online than in high-street thefts, and consequently UK banks are spending about £450m per year protecting consumers from online fraud, writes Clayton Locke.
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