OPINION: Internet anti-fraud strategy must also involve customers <br /><br />David Johnston is a former commander at Scotland Yard specializing in investigating economic crime and now runs Commander Solutions, which advises clients on crisis management and anti-fraud strategies. <br />The internet, though only 22 years old, has arguably triggered the most important development in financial markets for many years. <br /><br />It offers many benefits and opportunities to banks and their customers but there is a negative side: technology is being exploited by criminals. <br /><br />This hit the headlines recently when 12 men were arrested over an attempt to take control of a Santander bank computer and steal millions of pounds. <br /><br />In a separate case, police arrested eight people last week saying a gang had stolen £1.3million by hijacking computers at a Barclays branch. <br /><br />But banks and central banks are assailed by many cyber-threats that never become public. <br /><br />And if a serious attack is not thwarted, it could damage not just individual banks, but the financial system as a whole.
