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July 16, 2016 12:00 am

Cybercrime Overtakes Traditional Crime In UK, Says Report

An anonymous reader writes from a report via Krebs On Security: A new report from the nation's National Crime Agency (NCA) warns that cybercrime has now surpassed all other forms of crime in the United Kingdom. "Cyber enabled fraud" was found to make up 36 percent of all crime reported, with "computer misuse" accounting for 17 percent. The report calls for stronger law enforcement and business partnership to fight cybercrime. One explanation for the growth of cybercrime reports in the U.K. may be that the Brits are getting better at tracking it. The report notes that the U.K. Office of National Statistics only began including cybercrime for the first time last year in its annual Crime Survey for England and Wales. "The ONS estimated that there were 2.46 million cyber incidents and 2.11 million victims of cybercrime in the U.K. in 2015," the report's authors wrote. "These figures highlight the clear shortfall in established reporting, with only 16,349 cyber dependent and approximately 700,000 cyber-enabled incidents reported to Action Fraud over the same period." The increasing sophistication of organized cybercrime gangs that develop and deploy targeted, complex malicious software may also be to blame for the rise in cybercrime. Dridex and Dyre were specifically mentioned in the report, which are aimed at emptying consumer and business bank accounts in the U.K. and elsewhere.

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