Home Department written question – answered on 18th September 2012.

Alert me about debates like this

Photo of Andrew Percy Andrew Percy Conservative, Brigg and Goole

To ask the Secretary of State for the Home Department what recent assessment she has made of the cost of cyber crime to the UK economy.

Photo of James Brokenshire James Brokenshire The Parliamentary Under-Secretary of State for the Home Department

holding answer 11 September 2012

It is very difficult to give an accurate figure to the cost of cyber crime to the UK economy.

For example, the Detica "Cost of Cyber Crime" report, published in February 2011 in partnership with the Office of Cyber Security and Information Assurance in the Cabinet Office, estimated the cost of cyber crime to the UK to be £27 billion per annum. A copy of this report will be placed in the House Library.

A truly robust estimate will probably never be established, but it is clear the costs are high and rising.

This is why the Government have committed £650 million to the National Cyber Security Programme to support economic prosperity, protect national security and safeguard the public's way of life by building a more trusted and resilient digital environment.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.