cyber crime is rampant

cyber crime is rampant

UK Government admits ignorance on true costs

Obtaining an accurate figure on the real costs of cybercrime is not an easy task and is not something the government has managed to achieve, David Cameron’s security minister has admitted.

James Brokenshire, a minister in the Home Office, said it was “clear” that the costs of cybercrime were high and rising.

But a “truly robust estimate will probably never be established”, he admitted.

Ministers had at one point backed a report which placed the cost of cybercrime to the UK at £27bn a year.

The joint document from the Cabinet Office and BAE Systems’ subsidiary company Detica, was then attacked by one influential academic, who called the report a “sales promotion exercise”.

Peter Sommer from the London School of Economics, said the report had “fake precision” and that it had a “huge omission” in not mentioning online crimes against children.

Responding to a September parliamentary question, Brokenshire said the government had committed £650m to cybersecurity. This would “support economic prosperity, protect national security and safeguard the public’s way of life by building a more trusted and resilient digital environment”.

But an understanding of threats faced was still limited. “It is very difficult to give an accurate figure to the cost of cybercrime to the UK economy,” he said. Want more information on how the UK government is trying to tackle cybercrime and traditional crime click here for caught on camera in London.

Crime in Europe

Reports and research from Germany’s Federal Office for Information Security (BSI) have found that internet security levels are so poor that cyber crime and sabotage are rampaging upwards at an escalating rate.

This has prompted leading internet security firm, Finjan, to upgrade its Secure Web Gateway program to Web 2.0 standards.

Reports circulating at CeBIT in Hanover, and confirmed by both BSI and Finjan’s own research, revealed that in Germany 19% of internet users use unprotected computers with no antivirus programs installed and that a whopping 45% are operating on the web without a firewall.

Because cybercriminals are becoming more and more sophisticated, Finjan claim that only a unified approach to online security will render users virtually totally safe.

Version 9.2 of Finjan’s Secure Web Gateway has been upgraded to protect users against the use of legitimate websites by cyber criminals which evade filtering of URLs, as well as reputation-based services and solutions which are signature-based.

Utilising a multi-layered approach to internet security, Finjan’s product offers protection across security, compliance, bandwidth control and productivity on a single dedicated gateway, offering a very cost effective solution with minimal costs for administration, all with an easy to use admin GUI.

The real-time program offers safety for users from zero-hour vulnerabilities, Trojan installations emanating from drive-by attacks, obfuscation of code techniques, and evasive attacks.

The program will also allow for real-time security inspections of both PDF and Flash files.