TechnologyAccounting SoftwareFunding to fight cybercrime unlikely to rise

Funding to fight cybercrime unlikely to rise

In what may well turn out to be a body blow to UK businesses, a senior economist has warned that companies will be forced to take responsibility for corporate security because funding for electronic policing will not increase.

Link: Cyber crime blankets UK companies

Organisations must work on the basis that prevention is better than cure and not rely on over-stretched police resources, said Peter Sommer, senior research fellow at the London School of Economics.

‘The implication for corporate security is that you can’t expect the police to address all problems of security failure,’ said Sommer. ‘Prevention is much better, and you need to consider what it’s like to be a security victim.’

‘You also have to know that very substantial real funding for cybercrime is unlikely.’

Some £9bn is spent on UK policing annually, with computer units such as the National High Tech Crime Unit competing against scores of other divisions for funding.

When it comes to cybercrime the average person would rather see money spent on combating crimes such as child pornography, rather than nuisance hackers, Sommer says.

A spokesman for the National High Tech Crime Unit said: ‘Funding is absolutely critical in the fight against crime, particularly hi-tech crime.’

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