Cybercrime: Thieves in the night

CRIME has been falling in Britain since the mid-1990s, as it has in much of the rich world. Car-related theft has plummeted by 79% since 1995 and burglary by 67%. The decline is partly due to technology; car immobilisers and house alarms make such crimes harder. The increased use of CCTV and DNA databases means criminals are more likely to be caught, and the rewards for burglary have decreased anyway because electronic gadgets are so cheap. The falling crime rate has come alongside big recent cuts in police budgets. By 2015, the coalition government will have trimmed 20%. Meanwhile, crime has moved online.

Britain is particularly at risk when it comes to cybercrime, argues Charlie McMurdie, a cyber-security expert at PricewaterhouseCoopers (PWC), a consultancy. It is rich, its infrastructure for moving money around is slick, and it is saturated with technology. Over 60% of the population use smartphones. More than 80% of households are connected to the internet. Three-quarters of them shop online. According to PWC, 69% of companies in Britain experienced a cyber-security incident in the past year, compared to 59% globally.

via Cybercrime: Thieves in the night | The Economist.

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