The cost of UK Cybercrime was not £27bn – Hansard

Told you so…

Chi Onwurah (Newcastle upon Tyne Central, Labour)

Let us look at cyber-statistics. In answer to my parliamentary question, the Minister put the cost of cybercrime at £27 billion, but that turns out to be a 2010 “guestimate” from defence company Detica. The National Audit Office misused Cambridge university figures, managing to confuse pounds with dollars. We all know that online crime is rising, but the Government rely on outdated third-party figures. Is he surprised that the public do not trust the Government’s efforts to fight cybercrime, given that they clearly cannot even measure it?

Source; also, the Cabinet Office are throwing it under a bus:

I am writing to advise you that following a search of our paper and electronic records, I have established that the information you requested is not held by the Cabinet Office.

The £27 billion per annum figure is not our figure but comes from a BAE Systems/Detica report. We do not hold any information about how this figure was arrived at.

End days for Cyberfear?

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