Via Outlaw -
A new anti-fraud bill has been passed into law for England and Wales. The Fraud Act 2006 received Royal Assent last week and will come into force in early 2007.
The new law aims to close a number of loopholes in preceding anti-fraud legislation, which the Government said was unsuited to modern fraud.
Until now there has been no single, general fraud law in English law, but an untidy mess of eight specific statutory crimes, such as 'obtaining property by deception,' and a vague common law offence of 'conspiracy to defraud'. Scotland does have a common law crime of fraud, committed when someone achieves a practical result by a false pretence.
The Fraud Act introduces a general offence of fraud which can be committed by false representation, by failing to disclose information or by abuse of position. The offence carries a maximum sentence of 10 years' imprisonment.
Hopefully they aren't forgetting about the security researchers that might have a phishing kit or two. I think I have one somewhere on my computer from the PIRT team.
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