FT reports on a new Deloitte & Touche report, "Fraud Without Frontiers" on the EU "fraud paradise." It sees 10 areas of concern: "Computer abuse, banking frauds, counterfeiting, investment fraud, confidence tricks, public sector fraud, fraudulent bankruptcy, insurance fraud, smuggling and money laundering. The largest single threat comes from fraud through the Internet. The potential for abuse of computer systems is huge, particuarly since encryption technology is vulnerable to sophisticated computer users. The Internet is now being used to manipulate financial markets. Fraudsters are becoming more sophisticated. Inside dealers are making more use of offshore havens to avoid detection while criminal syndicates with knowlege of banking practice have cheated banks. 'Offshore havens', some inside the EU, remains a common feature of fraud. But with some EU economies closely linked to the offshore world, the incentive to push for reform in this area is limited" The report is available from D&T-UK for L95. (Hint, send) http://www.deloitte-touche-consulting.co.uk/main.html ----- D&T has a Web page, "Taking the Mystery Out of ..." which gives solace about encryption, passwords, firewalls, kerberos, and such: http://www.dttus.com/dttus/publish/mystery/mystery1.htm