Cyber crime costing UK £27bn per annum

Cyber crime costs the UK economy approximately £27 billion a year according to the government.

Minister of State for security and counter terrorism, Baroness Pauline Neville-Jones, said some of the cyber crime activity was 'state-sponsored'. She estimated that £21 billion was the cost to businesses, £2.2 billion to the government and £3.1 billion to citizens.