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<a href="/news/cybercrime-is-a-bigger-threat-that-a-nuclear-attack" title="Cybercrime Is A Bigger Threat That A Nuclear Attack">Cybercrime Is A Bigger Threat That A Nuclear Attack</a>
Posted on: 01 Aug 2013 

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Cybercrime Is A Bigger Threat That A Nuclear Attack


“The threat of a cyberattack to the UK is so serious it is marked as a higher threat than a nuclear attack.” Those were the words of chair of the Home Affairs Select Committee Keith Vaz in response to the ever-growing problem of cybercrime.

The United Kingdom has been revealed as the preferred target of cyber criminals in 25 countries, but despite this, the country remains “complacent” towards the problem, the Committee said.

The Committee’s first report into e-crime from the group of MPs has revealed that funding to help tackle online crime, including identity theft, industrial espionage, credit card fraud, and child exploitation, has not been sufficiently allocated.

Losing the war

According to security firm Norton, cyberattacks amount to global financial losses of around £250 billon and MPs believe that a combination of better training for police offices and tougher sentences handed down to criminals is required to get to grips with the problem.

“We are not winning the war on online criminal activity. We are being too complacent about these e-wars because the victims are hidden in cyberspace,” said Keith Vaz

“You can steal more on the Internet than you can by robbing a bank.

“If we don't have a 21st century response to this 21st century crime, we will be letting those involved in these gangs off the hook.”

The report also criticised banks for their approach to crime, claiming they are “simply reimbursing the victims with no pursuit of the perpetrators” when instead they must be “required to report all e-crime fraud to law enforcement.”

Staying protected

Cybercrime is a problem that we cover a lot and, while the claim of it being a bigger threat than a nuclear attack may seem like an exaggeration, it is in fact true.

This report into e-crime will hopefully see the UK adopt a firmer stance on what is, and will continue to be, a major threat globally; however, it is essential that all devices with access to the internet are protected with cloud web security. Not only does ITWiser’s advanced security service protect your systems and your network at cloud level from criminals using malware, Trojans, and other viruses to access computers, it allows URL content filtering and limited social network usage to prevent users from malicious websites and potential online exploitation.

Cybercrime is not going away anytime soon, and cloud web security is more valuable than ever in the fight back against the criminals.
The Register