Online fraud

'Sharenting' puts young at risk of online fraud

The bank says parents are compromising their children's future financial security with so much online sharing.

Barclays forecasts by 2030 it could cost almost £670m in online fraud.

The bank's security specialists say social media means identity fraud has "never been easier".

Barclays is warning that parents might be "lulled into a false sense of security" and fail to realise they are making their children "fraud targets" in the future, by publishing so much personal information which will remain online.

Identity fraud

Online fraud: Top Nigerian scammer arrested

The 40-year-old man, known as "Mike" is alleged to head a network of 40 individuals behind global scams worth more than $60m (£45m).

His operations involves using targeted malware to take over systems, use compromised emails and romance scams.

Nigeria's anti-fraud agency was also involved in the arrest.

"In one case, a target was conned into paying out $15.4 m (£11m)," Interpol said in a statement.

"Mike" also allegedly ran a money laundering network in China, Europe and the US.

China says it has arrested 15,000 people for cybercrimes

Police throughout the country have investigated more than 7,400 cases of possible cybercrimes, including hacking, online fraud and illegal sale of personal information, resulting in 15,000 arrests, the ministry said. It did not say when the arrests were made.

Authorities launched a six-month special operation to clean the Internet in July, but some of the cases date back as far as December.