“The NCA assessment makes it clear that as our digital economy grows, financial crime is increasingly becoming cybercrime. Official reporting and statistics are often only the tip of a cyber iceberg of unreported fraud and extortion.
“Collectively we all need to be more open and transparent in the reporting of cybercrime, recognising that all of us face similar threats from ruthless, innovative and transnational criminal entrepreneurs.
“A new partnership is needed between Government and Industry to take the offensive in disrupting the business models used by criminals, and both BT and KPMG are committed to playing our part in helping the National Cyber Security Centre and National Crime Agency succeed in this shared goal.”
Findings from the recent joint BT KPMG report, Taking the Offensive: Working together to disrupt digital crime:
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Notes to Editors:
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
Taking the Offensive: Working together to disrupt digital crime
Full report available for download here.