Governments and police must take crime on the internet seriously. It is where we all live now
About half of all property crime in the developed world now takes place online. When so much of our lives, and almost all of our money, have been digitised, this is not surprising – but it has some surprising consequences. For one thing, the decline in reported property crimes trumpeted by successive British governments between 2005 and 2015 turns out to have been an illusion. Because banks were not required to report fraud to the police after 2005, they often didn’t. It would have made both banks and police look bad to have all that crime known and nothing done about it. The cost of the resulting ignorance was paid by the rest of government, and by the public, too, deprived of accurate and reliable knowledge. Since then, the total number of property crimes reported has risen from about 6m to 11m a year as the figures have taken computerised crime into account.
The indirect costs to society are very much higher than the hundreds of millions that individuals lose. One example is the proliferation of plagiarism software online, which developed an entire industry in poor, English-speaking countries like Kenya, serving idle or ignorant students in England and North America. The effort required by schools and universities to guard against such fraud has been considerable, and its cost entirely disproportionate to the gains made by the perpetrators.
Source: The Guardian – https://www.theguardian.com/technology/data-computer-security/