Home Business News Cybercrime industry is worth over $1.5trn and growing

Cybercrime industry is worth over $1.5trn and growing

by Peter Smyth Tech Journalist
10th Jul 20 7:40 am

The cybercrime industry is worth over $1.5trn with a scary 85% of organisations reporting phishing and social engineering attacks every year.

From fake emails to bank fraud, cybercrime is growing both in intelligence and quantity of crimes.

With cybercrime increasing, a new interactive map by Fasthosts.co.uk has revealed the areas of the UK which fall victim to cybercrime the most often, along with the percentage increase over the last three years.

Whether it’s the businesses operating in that area, or the case that’s it’s just a hotbed of criminal activity, see where your region ranks in the table below.

Cambridgeshire revealed as the data breach capital of England 

Located to the East of England, Cambridgeshire proudly boasts a wealth of history and iconic countryside views. What it may be less proud of however, is that fact that it gained top spot as the cybercrime capital of England, with cybercrime increasing by 49% over the last three years.

Coming second in the unfortunate rankings is North Wales, seeing a 47% increase over the last three years.

The top 20 areas for cybercrime can be seen below:

Michelle Stark, Sales and Marketing Director at fasthosts.co.uk said, “It’s sad to see cybercrime increasing so rapidly across the UK. With consumers digitally connected with many local and national businesses, staying safe online is critical to protect your bank balance and keep your data secure.

“We urge all consumers to check the site is secure before they enter any data, and if uncertain, never proceed with inputting details”

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