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Cybercrime Incidents Became More Than Double in Wales

A latest report from online safety group e-Crime Wales, victims of cybercrime in Wales has grown more than double over the past one year and the problem cost businesses around £400 Million, reported walesonline.co.uk on May 6, 2010.

The report said that the online security incidents surged by 67% in Wales. These incidents included attempted password hacking, spreading of computer viruses and loss of data over the last one year.

According to e-Crime Wales, these rising incidents of online crime cost businesses an estimated £373 Million, based on their turnover in 2009. In other words, the average business in Wales is losing over 3% of its turnover (around £2,000) to cybercrime.

In addition to this, the research by e-Crime also highlighted that businesses are becoming increasingly alert of online risks, as more than 50% of them increased their IT security spending in 2009. The group however said that as the dependence of businesses on computing and latest developments like cloud computing is increasing, they are becoming more and more vulnerable to new types of cybercrime.

Talking about the findings of the report, Andreas Barnard, e-Crime Wales police manager, said that they are determined to make online business safe in Wales, as per the news published by bbc.co.uk on May 5, 2010. However, the resourceful cybercriminals are always one step ahead and explore innovative ways to launch attack and compromise businesses, Barnard added.

Barnard further said that e-crime is on a constant surge, therefore businesses are required to be cautious and should ensure that they are trading safely.

Finally, it is notable that since September 2008, every single police force in Wales has had an officer dedicated to working towards combating cybercrime in the country, which makes Wales unique in the entire European continent. Moreover, to increase the knowledge of business owners about cybercrime, a Summit will be conducted by e-Crime Wales in July 2010.

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