UK Business Cybercrime up by 63%

Cybercrime attacks on UK businesses have soared by 65% figures crime figures from the Office of National Statistics reveal.  

There was a fall in fraud driven mainly by decreases in consumer and retail fraud, such as offences related to online shopping or fraudulent computer service calls, the ONS report said, while a drop in computer misuse was mainly due to a 26% fall in reported incidents of computer malware and distributed denial of service (DDoS) attacks.

However, the report also reveals that 56% of fraud incidents were cyber related, 23% of computer misuse incidents (410,000) involved loss of money or goods relating to computer malware and DDoS attacks, and computer misuse crime referred to the NFIB by Action Fraud increased by 63%.

This rise in business-related computer misuse to 21,745 offences, the report said, is largely accounted for by a 145% rise in computer malware and DDoS attacks the past year to 8,292 offences.

The full ONS report can be read here.

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