cost of cyber crime but figures don’t add up…

[namealot]

The latest government the report tells where its going but the sums are £700m out what accountant added it up…?
£2.2bn + £3.1bn. + £21bn = £27........? no wonder the counties f…up


When a report is inaccurate does it lose any form of credibility or just look like scare mongering with ulterior motives..


http://www.cabinetoffice.gov.uk/resource-library/cost-of-cyber-crime


The full report for those of you that like fiction….
http://www.cabinetoffice.gov.uk/sit...ces/THE-COST-OF-CYBER-CRIME-SUMMARY-FINAL.pdf

My fav bit "2.2bn per annum from extortion, with large
companies being targeted (although our
estimates are largely illustrative because
we believe this type of cyber crime goes
largely unreported);" "illustrative"! is that a new word for made up ...?

 

[jasman]

Looks like a load of bollocks to me. Your standard government sanctioned report from their buddies ahem!, I mean 'the experts' giving the government what they asked for i.e. Give us a report with conclusions which support our agenda [or you won't be getting any more work from us and we'll get someone else to redo the report anyway]

And it goes into no detail. The methodology for the estimates is not explained openly but instead seems to be based on an abstract model - "we have developed a causal model, relating different cyber crime types to their
impact on the UK economy. The model provided a simple framework to assess each type of cyber crime for its various impacts on citizens, businesses and the Government"

Later the report says: "We then calculated the magnitude of the
costs of cyber crime using three-point estimates (worst-case, most-likely case and best-case scenarios), focusing in particular on IP theft
and industrial espionage and its effect on the different industry sectors"

So rather than focus on cyber crime for which reported figures are readily available from the police, DTI etc e.g. online credit card fraud, identity theft, ebay counterfeit sales etc they cook up some gigantic estimate for "IP theft and industrial espionage and its effect on the different industry sectors", then use that to balloon the overal crime stats. No doubt the powers that be asked for a report that would legitimise bringing in new powers to regulate the Internet further.

But one suspects that is not the only interest at play. The report was put together by a subsidiary of BAE the giant defence company, so it would be in their interests to lobby for another ficticious war which would bring in more defence contracts, this time 'cyber defence contracts'. If you ask someone whether a problem exists and then tell them there could be lots of future contracts available if it does, don't be surprised if they turn around and tell you a huge problem exists!

 

[crabfoot]

"illustrative"! is that a new word for made up ...?

It means "this is a guess, but it's the best guess they can find" ...

 

[afx]

Yup, more false evidence and creation of a grossly over exaggerated enemy to aid the creation of new laws that will enable greater control of information dressed up as "Internet Regulation" for the benefit of society. IMO these laws will have already been decided and will be implemented.