Cybercrime
About Cybercrime
Cybercrime is where an illegal activity is committed online making use of a computer and a network. The target of cybercrime is to gain access to computers, systems and data usually for either fiscal benefit, the theft of customer data or business disruption.
Due to massive growth of online activity in the last ten years including online shopping, gaming and social media no longer do fraudsters have to leave their house to commit a crime, it can now be done from the comfort of their own home.
The threat of breaches to both business and individual is likely to increase with advances in technology. A recent study suggested cybercrime costs the UK £27 billion a year, with 30,000 new infected websites every day and 80% of websites being hacked. The highs reported breaches to business cost upwards of £1 million.