Cybercriminals cash in on consumer fear

The recession is proving a hotbed for fraudulent activity as cybercriminals capitalise on a climate of consumer fear and anxiety, warn experts in the annual McAfee Virtual Criminology Report.

The economic meltdown is diverting political attention worldwide and cyber security is not enough

of a priority for real headway to be made against the perpetrators of online crime, reported channelworld.

Experts warned that unless significant resources are committed to international efforts to fight malicious cyber activity, there is a risk that cybercrime will impact consumer confidence, further hindering the speed of global recovery in 2009.

The McAfee study examines emerging global cyber security trends.

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