City of London police plans new industry reporting system to tackle cyber-crime

The City of London’s Police Commissioner, Adrian Leppard, is seeking up to £4 million from the Home Office to build a new IT system that will improve reporting on cyber-crime from across all sectors of industry.

Industry reporting on fraudulent activity that is enabled by the internet has been heavily criticised by MPs and industry experts, which claim that much of the criminal activity remains unknown to government and police forces, as industry bodies resolve many complaints directly with customers.

However, Leppard is hoping that by building a system that receives basic information from banks, SMEs, retail, and all other areas of industry, the government will gain a better understanding of how cyber-crime is impacting the UK. He believes that this information could be used to help influence policy and bring in additional government funding.

SOURCE: computerworlduk.com

Information Security Buzz