Cyber criminals are growing increasingly sophisticated, and the cost of catching them is rising, according to IT security experts.

E-criminals are getting younger and smarter and often have computer science degrees, according to Tony Neate of the Serious Organised Crime Agency (Soca), speaking at InfoSecurity Europe in London on Tuesday.
Tony Neate claims that companies are now facing cyber crime threats on a daily basis, and that organised crime is becoming more sophisticated and targeting new industry sectors. Viruses, spyware and phishing threats are becoming of increasing hazard to the 11,000 people who sign up to use ecommerce sites and internet banks each day.