Wednesday 2 January 2013

Cyber crime cost UK businesses ?205 million in lost revenue in 2012

January 2nd, 2013 by Nick Orchiston

According to a report in the news, cyber crime costs have hit ?205million a year. Victims include wealthy retired people and on-line retailers.

Are your on-line activities safe? According to Commissioner Adrian Leppard head of the City of London Police, in commenting on the war on cyber crime he said ?We are not winning. I do not think we are winning globally, and I think this nature of crime is rising exponentially.? He went on to add that half of all fraud in Britain, which costs the country ?70 billion a year, is conducted online.

Mr Leppard warned that a quarter of the 800 specialist internet crime officers could be axed as spending is cut. ?This is a very worrying criminal trend. The real worry is that, at a time when fraud and e-crime is going up, the capability of the country is going down.?

You can take measures to prevent being a victim. Implementing best practise such as ISO 27001 Information Security or ISO 27031 ICT Readiness for Business Continuity can help you prepare for and counter cyber crime and fraud.

Talk to us to find out more. Call 0845 070 1750 today!

Tags: CyberCrime, ISO 27001, ISO27001

Source: http://blog.itgovernance.co.uk/cyber-crime-cost-uk-businesses-205-million-in-lost-revenue-in-2012/

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