Tag Archives: money

Cybercrime responsible for more than $445bn annual losses and recovery costs globally

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A new report from the Center for Strategic and International Studies (CSIS) and sponsored by McAfee, part of Intel Security, shows the significant impact that cybercrime has on economies worldwide. The report concludes that cybercrime costs businesses approximately $445 billion worldwide (approximately £266 billion),with an impact on approximately 150,000 jobs in… Read more »

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Five UK banks are to add ‘Mobile wallet’ to their apps

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Five UK lenders are to add a mobile payment facility called Zapp to their smartphone and tablet apps.It will allow their customers to pay for goods or services in shops or online without the need for cash or a credit card. The firm behind the tech – Vocalink – suggests… Read more »

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Met’s cybercrime team arrest four people in London in connection with £1m bank theft

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The Metropolitan police cybercrime unit have arrested four people in the London area in connection with a £1m bank loss. Two houses were raided uncovering £80k in cash and a live hand grenade. Detectives from the force’s new cybercrime unit (MPCCU) which was launched in October, carried out the operation after… Read more »

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Missing hard drive containing 7,500 Bitcoins is buried on landfill site

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Docksway landfill site in Newport, Wales, has a hard drive buried amidst the mud and refuse which contains a ‘digital wallet’ worth an estimated £4m. Owner James Howell threw out the hard drive from his defunct Dell laptop, which broke when he spilled lemonade on the machine, when he was… Read more »

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