Tag archive: credit crunch

Online identity firm Garlik has released a report showing a total of 3.5 million cybercrimes in all forms were committed in the UK during 2007, a rise of 9%. However, identity theft fell by 8%, and sexual offences dropped 2%. Most of the crimes related to fraud, along with abusive or threatening e-mails, the BBC reports. There was an increase in harassment, with over two million people the victims of abusive emails, false accusations or… Read More

At the beginning of the week it was estimated that Yahoo would be laying off around 1,000 staff. But in the wake of disappointing third quarter figures it was revealed that the company is likely to let around 10% of its staff go, which will be around 1,500 people, as well as contractors. Yahoo’s profits of $54.3 million were down 64% over last year, due to lower consumer spending thanks to the credit crunch. Yahoo CEO Jerry Yang… Read More