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Date: April 30, 2024 Tue
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Results for cybercrimes (u.k.)
3 results foundAuthor: Anderson, Ross Title: Measuring the Cost of Cybercrime Summary: In this paper we present what we believe to be the rst systematic study of the costs of cybercrime. It was prepared in response to a request from the UK Ministry of Defence following scepticism that previous studies had hyped the problem. For each of the main categories of cybercrime we set out what is and is not known of the direct costs, indirect costs and defence costs { both to the UK and to the world as a whole. We distinguish carefully between traditional crimes that are now `cyber' because they are conducted online (such as tax and welfare fraud); transitional crimes whose modus operandi has changed substantially as a result of the move online (such as credit card fraud); new crimes that owe their existence to the Internet; and what we might call platform crimes such as the provision of botnets which facilitate other crimes rather than being used to extract money from victims directly. As far as direct costs are concerned, we nd that traditional o ences such as tax and welfare fraud cost the typical citizen in the low hundreds of pounds/Euros/dollars a year; transitional frauds cost a few pounds/Euros/dollars; while the new computer crimes cost in the tens of pence/cents. However, the indirect costs and defence costs are much higher for transitional and new crimes. For the former they may be roughly comparable to what the criminals earn, while for the latter they may be an order of magnitude more. As a striking example, the botnet behind a third of the spam sent in 2010 earned its owners around US$2.7m, while worldwide expenditures on spam prevention probably exceeded a billion dollars. We are extremely inecient at ghting cybercrime; or to put it another way, cybercrooks are like terrorists or metal thieves in that their activities impose disproportionate costs on society. Some of the reasons for this are well-known: cybercrimes are global and have strong externalities, while traditional crimes such as burglary and car theft are local, and the associated equilibria have emerged after many years of optimisation. As for the more direct question of what should be done, our gures suggest that we should spend less in anticipation of cybercrime (on antivirus, rewalls, etc.) and more in response { that is, on the prosaic business of hunting down cyber-criminals and throwing them in jail. Details: Berlin: Workshop on the Economics of Information Security, 2012. 31p. Source: Conference Report: Internet Resource: Accessed August 14, 2012 at http://weis2012.econinfosec.org/papers/Anderson_WEIS2012.pdf Year: 2012 Country: United Kingdom URL: http://weis2012.econinfosec.org/papers/Anderson_WEIS2012.pdf Shelf Number: 126027 Keywords: Computer Crime (U.K.)Costs of Crime (U.K.)Cybercrimes (U.K.)Internet Crimes (U.K.) |
Author: Great Britain. House of Commons. Science and Technology Committee Title: Malware and cyber crime Summary: Malware comes in different forms. A novel way cybercrime is being perpetrated on individuals is through the use of artificial dialogue systems that are flirting chatbots, such as CyberLover. This kind of malware penetrates instant messaging platforms (eg MSN Messenger) and Internet chatrooms. The unaware individual is tricked into believing they are chatting to a human in cyberspace when in fact a social engineering attack is taking place in an attempt to steal identity and conduct financial fraud. This kind of threat will increase as the sophistication of artificial dialogue systems improves. Detecting deception by this type of malware is crucial. Through recognition of “human conversation” and identification of artificial dialogue, the risk of identity theft can be mitigated preventing loss of funds, and reducing psychological misery. Details: London: The Stationary Office, 2012. 2 vols. Source: Twelfth Report of Session 2010-12: Internet Resource: Accessed August 22, 2012 at http://www.publications.parliament.uk/pa/cm201012/cmselect/cmsctech/1537/1537vw.pdf Year: 2012 Country: United Kingdom URL: http://www.publications.parliament.uk/pa/cm201012/cmselect/cmsctech/1537/1537vw.pdf Shelf Number: 126101 Keywords: Computer Crimes (U.K.)Cybercrimes (U.K.)Internet Crimes (U.K.) |
Author: British Retail Consortium Title: Counting the Cost of E-Crime - Executive Summary Summary: Findings from the first e-crime study undertaken by the British Retail Consortium (BRC) are based on responses to a quantitative survey conducted between April and May 2012. The survey was conducted online and supplemented with a series of follow-up qualitative interviews. Respondents were members of the BRC drawn from a selection of key retailing types including supermarkets, department stores, fashion, health and beauty and mixed retail. Taken together, the retailers questioned constitute around 45 per cent of the UK retail sector by turnover. Recent data from the Office for National Statistics (ONS 2011) has highlighted the increasing significance of e-commerce for the UK economy, with an estimated value of online retail sales of £25 billion in 2011. This had increased from £21 billion in 2010. Overall, internet sales growth averaged 15 per cent in 2011 and the sector represented around 10 per cent of total retail spending in the 2010-11 period. Other commentators have put this figure even higher, for example recent research conducted by the Centre for Retail Research suggested that online sales were worth £50.34 billion in 2011. This represents around 12 per cent of the UK retail trade based on their wider definition of retail activity (CRR, 2011). The research suggested that rapid growth in online sales is likely to continue. The majority of respondents (80 per cent) projected growth of between 10 and 40 per cent for 2012-13. Even higher growth was projected for 2013-14, with 21 per cent saying this would rise to 25 per cent or above and 14 per cent saying it would be 40 per cent or higher. The strength of e-commerce in the UK will inevitably be accompanied by increased criminal activity focused on exploiting these new channels. The purpose of this research is to quantify the cost and impact that these offences have on the retail sector. The challenge for all concerned is to respond effectively to this type of crime. Details: London: British Retail Consortium, 2012. 8p. Source: Internet Resource: Accessed October 8, 2012 at http://www.martinfrost.ws/htmlfiles/aug2012/counting-cost-ecrime.pdf Year: 2012 Country: United Kingdom URL: http://www.martinfrost.ws/htmlfiles/aug2012/counting-cost-ecrime.pdf Shelf Number: 126648 Keywords: Computer Crimes (U.K.)Costs of Crime (U.K.)Cybercrimes (U.K.)Internet Crime (U.K.) |