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THE COST OF CYBER CRIME. - GOV.UK

A DETICA REPORT IN PARTNERSHIP WITH THE OFFICE OF CYBER SECURITY AND INFORMATION ASSURANCE IN THE CABINET OFFICE. THE cost OF CYBER Insight Executive summary 1 Chapter 1: Introduction 4 Why estimate the cost of CYBER crime ? 4 Chapter 2: What is CYBER crime ? 6 What types of CYBER crime have we considered? 6 Who are the CYBER criminals? 8 What do CYBER criminals target? 9 What is the impact of CYBER crime ? 11 Chapter 3: Study methodology 14 Constraints and assumptions 14 Sources of data on IP theft 14 Our methodology for assessing the impact of IP theft 15 Our methodology for assessing the impact of industrial espionage 16 Chapter 4: Results and analysis 18 cost to citizens 18 cost to the Government 19 cost to businesses 19 Other findings 22 Chapter 5: Conclusions and recommendations 24 The cost of CYBER crime is significant and growing 24 The impact of CYBER crime is felt most by UK business 24 The UK needs to build a comprehensive picture of CYBER crime 24 Annex A: Organisations consulted 25 Annex B: business sector background 25 About Detica BCThe cost of CYBER Crime1 WHY ESTIMATE THE cost OF CYBER crime ?

impact of cyber crime is likely to be much greater. Although our study shows that cyber crime has a considerable impact on citizens and the Government, the main loser – at a total estimated cost of £21bn – is UK business, which suffers from high levels of intellectual property theft and espionage. Businesses bearing the

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