Soca puts a clamp on cybercrime

The agency, which is charged with fighting e-crime, says it has prevented losses millions of pounds as a result of its efforts.
Written by Nick Heath, Contributor

The Serious Organised Crime Agency (Soca) has revealed some of its crime-fighting successes over the last year.

Soca's annual report, published yesterday, details a year of fighting e-crime, from leading the UK operation to shut down the online forum DarkMarket and hunting the gang who tried to electronically transfer more than £229m from a London-based bank.

The agency worked with the FBI to secure nearly 60 arrests in connection with the DarkMarket forum — where stolen credit card and banking details were traded — helping to save more than $70m (£46.2m) in potential losses. Soca is working on recovering compromised cards, having recovered more than 16,000 to date.

Soca also tracked down the gang who tried to transfer the £229m from the Sumitomo Matsui Banking Corporation in London — the UK's largest attempted bank theft.

In addition, as part of a global effort against Nigerian 419 and other mass marketing scams, which cost the UK £340m each year, the crime agency worked with Nigerian authorities to intercept fraudulent mail targeting the UK. The project led to the arrest of a UK group member and Soca intercepting 20,000 responses from victims of the scams, with the agency pledging to return money to anybody tricked by the con.

The interception of telephone calls and communications data continues to play a role in all significant operations, according to the Soca report, with new systems deployed. The agency plans to work closely with the Home Office on future improvements under the Interception Modernisation Programme.

Soca also made significant progress in sharing data on criminals, and in embedding IT systems and staff in police-led regional intelligence units.

Investing in "technology-enabled self support" helped deliver £1.5m in savings to the agency. Soca's wider IT was also being overhauled with the integration of two legacy IT networks, the replacement of Soca's inherited major IT and logistics service contracts. Work also began on Project Kerno, which will improve its core records management capability and drive an IT transformation programme to reduce costs and provide modern functionality.

The report praises Soca's achievements over the year. "Its workforce was expressing a growing confidence in its ability to make a real difference for our citizens using the full range of the operational tools at the agency's disposal", according to the authors. 

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