Internet fraudsters earn £3.35bn

Internet fraudsters who target credit cards have earned over £3.35bn according to a new study. Security firm Symantec spent a year researching hi-tech thieves and the underbelly of the internet's economy.

Credit card numbers and bank details are the two main areas targeted by internet tricksters. According to the BBC, phising, database attacks and magnetic strip skimmers are the favoured tactics for ripping off credit card information.

The report by Symantec underlines the fact that internet thieves have become more organised utilising internet chat programs and forums to procure stolen data and then sell it on. It appears that many of the syndicates are controlled by organised criminal groups primarily from the former Soviet Union.

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