UK businesses battling huge rise in cybercrime, report says

PwC says not enough companies are dealing with big threat of economic crime and problem of 'silver fraudsters'

UK businesses are battling a huge rise in cybercrime capable of bringing down entire companies, according to analysis by accountancy company PwC.

In a report that singled out the UK as a hotbed of economic crime, PwC said the threat of cyber offences was now a "board-level issue", but warned that not enough companies were taking it seriously enough.