Cybercrime 'poses huge challenge'

Credit: Boris Roessler/DPA/PA Images

A report by Cardiff University is highlighting the scale of cybercrime.

It says 106,681 fraud-related incidents were reported by individuals and businesses in the last three months of last year. A third related to banking and credit industry fraud.

Losses totalled £217.4m in 2014

The introduction of sophisticated technology has brought about a step-change in the way economic crime is committed – enabling frauds to be perpetrated at scale, at great speed, and at a distance, with no physical contact necessary between criminal and victim.

This type of crime challenges conventional policing models which are focused on detection and investigation because it represents a paradigm shift in the way such crimes can be committed. Policing – both in the UK and around the world – therefore faces many challenges in adapting and responding to these evolving patterns of crime.

– Dr Mike Levi, Professor of Criminology at Cardiff University