The FBI have said it, internet security experts have said it, and now another voice has added to those concerned about rising online crime.
Garlik - the online fraud investigators, who have offices on both sides of the Atlantic, have released a report that claims e-crime is soaring.
It claims that incidents of online fraud in the UK have jumped nearly 20% from the figures from 2006.
Last year, it says that there were 250,000 incidents of online financial fraud.
But a total of three and a half million online crimes which was a 9% rise from 2006.
The report estimates 84,000 of these cases were of online identity fraud.
Echoing a recent FBI report, Garlik's chief executive Tom Ilube said:
"It's critical in this time of financial crisis that individuals are vigilant with their personal information, because as long as the credit crunch continues, we can expect to see a real growth in online financial fraud".
"At the moment it seems that the internet is increasingly perceived as a sort of Wild West, outside the law", the Garlik report concluded.