Cybercrime And Fraud Scale Revealed In Annual Figures

There were an estimated 3.6 million cases of fraud and two million computer misuse offences in a year, according to an official survey. The Crime Survey for England and Wales included the offences for the first time in its annual report, which covered the year to September. Tim Helming, Director, Product Management at DomainTools commented below.

Tim Helming, Director, Product Management at DomainTools:

“Unfortunately, these figures aren’t surprising and as the article states, if anything they may well be lower than the reality. Cybercrime has become democratized in that the tools and resources to carry it out are more prevalent, are easier to use, and are supported by a robust underground ecosystem designed to make criminals’ jobs easier. There is an asymmetry in the fight as well, in that defenses have to get it right all the time, whereas attackers can often exploit a single weakness to succeed. The good news is that everyone, companies and individuals alike, has better awareness of the risks and of good security practices. Defenses and forensics are becoming stronger, as well, but needless to say, it takes a strong commitment of resources, education, and expertise to thwart attackers.”