Computer Crime Research Center

hack/x_cyber.gif

Cybercrime cost estimate is 'sales exercise', say experts

Date: February 21, 2011
Source: Zdnetasia.com


Cybercrime experts have questioned a 27 billion (US$43.8 billion) annual cybercrime cost figure released by the Cabinet Office in a report last week, saying it is little more than a sales exercise for Detica, the company that researched the report.

Professor Peter Sommer of the London School of Economics (LSE) called the report an "unfortunate item of British Aerospace puffery". Detica is owned by BAE Systems, and is involved in intelligence analysis for the U.K. government. The company also sells data protection and information assurance products.

Sommer told ZDNet Asia's sister site ZDNet UK that the Office of Cyber Security and Information Assurance (Oscia) should not have allied itself so closely with the report, which put a figure of 21 billion pound (US$34.1 billion) annual losses to U.K. businesses through crimes including intellectual-property theft and espionage. The remaining losses are attributed to consumers and the government.


Add comment  Email to a Friend

Discussion is closed - view comments archieve
2011-02-23 04:13:44 - i just came by your article and it get my... Quick Loans
Total 1 comments
Copyright © 2001-2013 Computer Crime Research Center
CCRC logo