The Internet is like the Wild West, a “playground for criminals”, peers say.
Fear of crime could lead to an “economically disastrous” loss of public confidence in the Internet, they say in a report.
Financial scams, computer hacking and virus attacks threaten Internet users.
The government, businesses and police must take the issue far more seriously, the peers say.
Have you been a victim of crime on the Internet? Do you fear fraudsters could target you? Has it put you off shopping and banking online?
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