The U.K.’s National Crime Agency (NCA) warned in its Cyber Crime Assessment 2016 that cybercrime is now more prevalent than other crime in the U.K. Cybercrime was reported to be the largest proportion of total crime in the U.K. in 2015 with “cyber enabled fraud” at 36% of all crime reported, and “computer misuse” at 17% of all crime reported. One explanation for the growth of cybercrime is that tracking of cybercrime has improved, and, also, the U.K. Office of National Statistics started including cybercrime for the first time in 2015 in its annual Crime Survey for England and Wales.
Per the NCA’s report:
“The ONS estimated that there were 2.46 million cyber incidents and 2.11 million victims of cyber crime in the U.K. in 2015”
Another explanation for the growth of cyber fraud and computer misuse in the U.K. is due to convenience as much of the cybercrime comes out of Russia which is only two time zones ahead of the U.K.
“Why would you want to stay up all night doing online fraud against banks in the U.S. when you’d rather be out drinking with your buddies?”, says Avivah Litan, a fraud analyst with Gartner Inc.
Because Bad Actors like to have drinks with their friends too, I guess. For more detailed information, please take a look at the write-up by the ever-prolific Brian Krebs here.