Fraud and Online Theft Gangs in Europe

An estimated 1,300 criminal organized crime gangs that operate across Europe focus on fraud and online theft.

A quarter of the gangs are based in Eastern Europe and Russia and use the internet as their main tool of conduct their criminal activities.

(Prices of cyber crimes and online fraud by hackers.)

Source:  “UK ‘losing fight’ against internet crime, warn MPs,” BBC News, July 29, 2013.