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Online crime is costing retailers more than £205 million

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Business: Ecommerce, Legal obligations on the web, Online banking

Account takeovers, personal identity fraud, card and refund crimes are the most expensive types of threats according to the first ever e-crime survey carried out by the British Retail Consortium.

Phishing attacks were also identified as a particular problem for UK retailers, a single phishing attack highlighted in the report could have cost the company involved up to £2 million to deal with.


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