Cybercriminals target multiple victims but steal small amounts of money to avoid detection, report warns

Sneaky cybercriminals are targeting more victims, but stealing small amounts of money to avoid detection, report warns

  • Online thieves only take £ 10 from thousands of unnoticed accounts
  • Method nicknamed “silent theft” and carries less risk than large quantities
  • The UK has reached “epidemic levels” with an estimated cost of £ 190 billion a year

Cybercriminals are stealing small amounts of money but from more people in an effort to avoid detection, a report warns today.

The change of tactics means that online thieves are taking as …

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