When it comes to crime fighting, it is no longer a case of bobbies on the beat, but cops on the computer. The City of London police are having to devote more and more time and resources to battling cyber crime, despite cutbacks to their budget.
Action Fraud, the UK’s national fraud and cyber crime reporting centre, is now receiving half a million reports of cyber crime each year – and the Office of National Statistics believes this is only a small percentage of the actual figure.
A growing phenomenon is ‘CEO fraud’ – staff receiving bogus requests for sensitive information purportedly from senior management. Little wonder, then, that police chiefs are calling for greater cooperation from companies such as Google and Microsoft as well as the public at large; as they consider prevention and protection (rather than enforcement) to be the most effective counter initiatives.