OFT admits it does not have the skilsets to deal with online fraud

The Office of Fair Trading (OFT) has admitted to the Lords that it can't cope with the online fraud threat, in that it doesn't have the skilsets. While this is a good and honest assessment, is this opening the door to more online fraud in the UK?

"We're not always the most competent in tracking internet and electronic [communications]. We are competent in using our detection skills," said Mike Haley from the OFT.