Cost of ID Theft to Britain - £1.63bn - Official

Computing Magazine reports that the number of keyloggers increased by 250 per cent between January 2004 and May 2006.

A study by vendor McAfee shows that identity theft exacts a high toll on national economies around the world. In the UK, the Home Office has calculated the cost of identity theft to the British economy at $3.2bn (£1.63bn) during the last three years.

'Identity theft is a global phenomenon that threatens all of us, which means we all need to become more aware, more vigilant and less trusting to protect ourselves,' said Jeff Green, senior vice president of McAfee Avert Labs.!