cyber crime news and archive

Cyber crime a major threat to retail industry

Cyber-crime is now widely recognised as a major threat to the retail industry, according to the British Retail Consortium. Whilst the UK’s National Crime Agency has acknowledged that ‘the true scale and cost of cyber-crime in the UK is unclear at present’, the Office for National Statistics reported that there were around 5.1 million instances...

RetailFeatured

UK retail crime highest since records began

UK retail crime is at the highest peak since records began. The cost of retail crime in the UK soared to 613 million pounds last year, according to new figures from The British Retail Consortium (BRC). That was a 2 percent rise on 2014 and three times higher than in 2007-2008, the BRC noted. The average value of stolen goods is 325 pounds But...

Design

UK consumers in heavy threft from cyber crime

Nearly 4.6 million UK consumers have had their personal details stolen and their bank accounts used to buy goods or services, according to new research. A report by business advisory firm Deloitte also revealed that around two-thirds of consumers claimed to have received 'phishing' emails and one in three said they had been a victim of...

Fashion

Cyber crime: the e-retailer's threat

Online sales in the UK generated £58.8 billion in 2010, up eighteen percent year-over-year, according to the figures released by the UK online retail trade association IMRG. December registered a seven percent increase over November and a twenty five percent growth, as compared to the same month in 2009. Indeed, Christmas proved to be a...