TechnologyAccounting SoftwareCompanies keep quiet on e-crime

Companies keep quiet on e-crime

Some companies still prefer to hush up e-crime rather than help solve it, according to the National High Tech Crime Unit.

Link: Businesses choose not to report cyber crime

Although a most companies have co-operated with police to stop computer crimes, a few pull out before prosecution, said John Lyons, crime reduction co-ordinator for the NHTCU.

Despite this the NHTCU claims some major successes and has built a team of expert data analysts who specialise in retrieving data from suspect hard drives.

And Lyons said sharing information is key: ‘We are not going to win the war against e-crime unless we share intelligence,’ he said, speaking at the IT Directors Forum.

‘Certain types of criminal, like extortionists, thrive on anonymity but e-crime does leave evidence. Once arrested our boys can recover the evidence they need from the computer hardware used. The only way to stop them is to take a sledgehammer to your hard drive, douse it in turps and get out the matches.’

Lyons outlined a series of examples of e-crime that show the extent to which new methods are being used to carry out traditional crimes.

He identified web site spoofing as a major problem for UK financial companies.

The unit receives almost daily calls from companies whose web sites had been spoofed. This involved a fraudster setting up a web site with a similar URL to a legitimate site and then harvesting access codes from users who try to log on.

Eastern European gangs were also using e-government services to try and defraud the benefits system with phantom claimants or multiple payments to a single source.

‘We’d usually advise clients to co-operate fully with the NHTCU,’ said Mark Smith, a solicitor at Morgan Cole specialising in e-crime.

‘Although there are few crimes with a legal requirement to tell the police it makes sense in most cases. The NHTCU Confidentially Charter has been a great step forward in helping companies get the confidence to do this.’

Lyons also explained how the NHTCU had a team in place to help companies with their media profiles when dealing with e-crime. In the event of a prosecution the unit’s PR staff work to avoid leaks and build a positive image of companies helping police with enquiries.

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

8m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor