The UK cyber police have saved the country £140m this year, according to government figures.
The coppers at London's Metropolitan Police central e-crimes unit (PCEU) have made some big arrests in the last few months, including Lulzsec's Topiary and several people at the News of the World.
We expect that the £140m saved is not the result of people having no Sunday tabloid to buy however, but rather an accumulation of savings to businesses, banks and consumers. The Met said that its operational activity so far has completed 30 percent of a £504m "harm reduction target", which we expect is the police bureaucracy's term for 'goal'.
"The Police Central e-Crime Unit continues to take action in its continuing efforts to reduce the harm caused to the UK economy and to UK citizens by those making use of the internet to commit crime," said detective superintendent Charlie McMurdie of the PCEU.
"This initial result is only a small sample of the current investigations and interventions being conducted... the figure alone does not capture the other important benefits gleaned from the learning obtained from targeting the higher echelon of cyber criminals that we then share with our partners."
Perhaps the biggest savings came from Operation Pagode. This saw the Met break up an online crime forum that specialised in personal identity theft and allegedly saved some £84m.
It might be just a drop in the bucket, though. According to a government report released this Spring, cyber crime costs the UK around £27bn a year.
The coppers at London's Metropolitan Police central e-crimes unit (PCEU) have made some big arrests in the last few months, including Lulzsec's Topiary and several people at the News of the World.
We expect that the £140m saved is not the result of people having no Sunday tabloid to buy however, but rather an accumulation of savings to businesses, banks and consumers. The Met said that its operational activity so far has completed 30 percent of a £504m "harm reduction target", which we expect is the police bureaucracy's term for 'goal'.
"The Police Central e-Crime Unit continues to take action in its continuing efforts to reduce the harm caused to the UK economy and to UK citizens by those making use of the internet to commit crime," said detective superintendent Charlie McMurdie of the PCEU.
"This initial result is only a small sample of the current investigations and interventions being conducted... the figure alone does not capture the other important benefits gleaned from the learning obtained from targeting the higher echelon of cyber criminals that we then share with our partners."
Perhaps the biggest savings came from Operation Pagode. This saw the Met break up an online crime forum that specialised in personal identity theft and allegedly saved some £84m.
It might be just a drop in the bucket, though. According to a government report released this Spring, cyber crime costs the UK around £27bn a year.
-News Source (The Inquirer)
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