Computer Crime Research Center


Cybercrime cost estimate is 'sales exercise', say experts

Date: February 21, 2011

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.

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