A new report found that cybercrime in the U.K. has passed traditional crime in terms of impact.
In its Cyber Crime Assessment report [pdf] for 2016, the National Crime Agency (NCA) detailed the top threats facing U.K. businesses.
The rapid growth of technology and cybercrime are now outpacing the ability for businesses to respond efficiently. Consequently, collaboration between government, law enforcement and business must be strengthened in order to curtail vulnerabilities and deter criminals, the report determined.
Distributed denial of service (DDoS) and ransomware attacks spiked in 2015, the report found. Additionally, the NCA found that the most pervasive cybercrime threat is the "direct or indirect result of a few hundred international cybercriminals, who target U.K. businesses to commit highly profitable, malware-facilitated fraud."The cost to the U.K. economy from cybercrime runs to millions of pounds per year, with data breaches the most virulent attack.
(chart via Trend Micro)