Outlaw.Com and The Register are reporting: " Internet fraud accounts for eight per cent of all fraud in the UK, according to the Attorney General's office, which says that fraud costs the UK billions of pounds every year."
Attorney General Lord Goldsmith has published the final report of his fraud review which can be found here.
Goldsmith, says the report has proposed the formation of a National Fraud Strategic Authority and a lead police force to tackle fraud on a national scale. He also proposes setting up a National Fraud Reporting Centre.
The UK. The 2002/2003 British Crime Survey analysed technology crime and found that three quarters of respondents were worried about using a credit card online. The Attorney General's report found that the costs of this kind of fraud were not always the obvious costs.