 |
answer text |
<p>Although estimates of the cost of cyber crime vary considerably, there are millions
of individual victims, many thousands of corporate victims and correspondingly substantial
losses. Therefore, whilst there is no robust estimate of the total cost of cyber crime
to the UK economy it is likely to be billions.</p><p>The Economic and Social Costs
of Crime report (Home Office, 2018) estimated a cost of £1.1bn from computer misuse
incidents against individuals in the financial year 2015/16. However, it should be
noted that this estimate is based upon experimental statistics and should be considered
as a partial estimate as it excludes some key costs, such as the costs to businesses.</p>
|
 |
