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UK Cabinet Office Report: The Cost Of Cyber Crime

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The Cost of Cybercrime: A Detica Report in Partnership with the Office of Cyber Security and Information Assurance in the Cabinet Office, February 17, 2011

  • “Few areas of our lives remain untouched by the digital revolution. Across the world, there are now nearly two billion internet users and over five billion mobile phone connections; every day, we send 294 billion emails and five billion SMS messages. Over 91 per cent of UK businesses and 73 per cent of UK households have internet access and £47.2 billion was spent online in the UK alone in 2009. Our society is now almost entirely dependent on the continued availability, accuracy and confidentiality of its Information and Communications Technology (ICT). We need it for our economic health, for the domestic machinery of government, for national defence and for our day-to-day social and cultural existence. As well as significant benefits, the technology has also enabled old crimes to be committed in new and more subtle ways. In its National Security Strategy4, cyber threats are recognised by the Government as one of four ‘Tier One’ risks to the UK’s security. But estimates of the cost of cyber crime have until now not been able to provide a justifiable estimate of economic impact and have failed to address the breadth of the problem. Therefore, the Office of Cyber Security and Information Assurance (OCSIA) worked with Detica to look more closely at the cost of cyber crime in the UK and, in particular, to gain a better appreciation of the costs to the UK economy of Intellectual Property (IP) theft and industrial espionage. Further developments of cyber crime policy, strategies and detailed plans will thus benefit from this insight.”
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