Yesterday, July 7, the United Kingdom’s National Crime Agency (NCA) released their
Cyber Crime Assessment report for 2016, where they outlined the most important threats to UK businesses such as cybercrime. This is the first cybercrime report produced jointly by the NCA and industry partners.
The report’s findings echo those we in Trend Micro have seen in the past, including the increased threats posed by
Business Email Compromise (BEC) schemes,
distributed denial of service (DDoS) attacks,
data breaches, and
ransomware. It highlights the need for collaboration between the industry and law enforcement (LE) globally in order to successfully combat cybercrime. As part of these collaboration efforts, Trend Micro and the NCA signed a
Memorandum of Understanding (MOU) in July of 2015, leading to a
successful arrest in November 2015
The report notes how cybercrime has surpassed normal or traditional crime, in terms of impact. The UK’s Office of National Statistics included cybercrime for the first time in their 2015 annual Crime Survey of England and Wales. The survey estimated that there are 2.46 million cyber incidents and 2.11 million victims of cybercrime in the UK last year.
