If you bank online, you can reduce the risk of internet fraud by reading the 'bank online safely' guide at getsafeonline.org, the government website.

At the same time the internet fraud fraternity welcomed him as a serious player.

Some street criminals are also thought to be turning to internet fraud.

The increase in internet fraud means you're not even safe in your own home.

Until now, banks and building societies have covered almost all losses caused by internet fraud, even when adequate protection was not in place.