UK's £11bn cybercrime costs: £16bn less than first thought
Posted in: Legal, Privacy & Security at 09/06/2012 14:30
A Ministry of Defence-initiated report has put the cost of cybercrime to the UK at over £11bn per year, a much lower amount than the previous government-backed estimate of £27bn.
The report containing the £11.6bn estimate (all figures converted from dollars) was prepared in response to a request from the Ministry of Defence, and has been published online ahead of the WEIS security conference in Berlin on Tuesday.
www.zdnet.co.uk/news/security-threats/2012/06/08/uks-11bn-cybercrime-costs-16bn-less-than-first-thought-40155359/
