All the latest UK technology news, reviews and analysis

419 gangs sting Brits for £12m

by Gareth Morgan

05 Mar 2004

Be the first to comment

  • Tweet this

More than 120 Britons have been tricked out of a total of £12.6m by so-called 419 scams in the past 15 months.

Police have recorded 97 incidents of people falling for advance-fee email scams in 2003, with a further 32 cases so far this year. The victims lost an average of £98,000 each.

Advance fee frauds, commonly known as 419 scams, usually involve a victim receiving an unsolicited email containing a promise of vast wealth.

Before the 'lucky' person can claim the untold millions, they have to pay an advance fee which, of course, they never see again. 419 refers to the section of the Nigerian penal code which such frauds breach.

"You have to wonder who's falling for these scams. It seems they're both rich and stupid," said a law enforcement source.

Police forces are warning that organised criminals use money generated from online scams to fund serious crimes, and that businesses are at risk.

"They rely on duping computer users, and it is quite possible that they could be users in your business. That means your business systems could be vulnerable," a source said.

Do you agree?

 

Add your comment

We won't publish your address
By submitting a comment you agree to abide by our Terms & Conditions. Your comment will be moderated before publication.

Poll

IT priorities for 2012

What is the most important IT priority for your company this year?

99%

0%

1%

0%

0%

Connect with V3.co.uk

Sign up to our daily or weekly newsletters

Accurev

Top 5 software development challenges

This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes

Talend

Rubbish in, rubbish enterprise

Why good data management at all levels is essential in the modern business (video, 6mins)

Compliance Business Analyst

Compliance Business Analyst (AML / Equity / Market Abuse...

VB6 & Oracle PL/SQL Developer / Software Engineer VB 6.0 PL/SQL

VB6 & Oracle PL/SQL Developer / Software Engineer...

.NET Developer/ EPI Server

URGENT .Net Developer/ EPI Server - London based - £300...

Java Web Developer

Java Web Developer - London - up to £43k An exciting...

To send to more than one email address, simply separate each address with a comma.