Crime
Blog / Crime
The State of Cyber Crime in the UK
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Cyber-crime in the UK is on the rise. And the readiness of most firms to meet these challenges leave much to be desired for many local and regional businesses. In the UK alone, the Cabinet Office has estimated the cost of cyber-crimes on the economy at £27bn. At least an estimated £9.2bn of that is related to just the theft of IP from UK businesses. Companies bear the brunt of these financial losses. And unless our firms take firm security measures, we will continue to see a rise in breaches, hacks, espionage, and thefts from cyber-crime.
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