Cyber crimes costing UK £27 billion a year

The video discusses the shift in criminal activities from traditional bank robberies to cyber crime, highlighting the challenges in prosecuting cyber criminals, who are often overseas. It emphasizes the need for businesses to strengthen their defenses against cyber attacks, which cost British industries billions annually. The sectors most affected include car manufacturing, electronics, and pharmaceuticals. The video stresses the strategic importance of cybersecurity for the UK, as society becomes increasingly dependent on digital infrastructure, making it crucial to protect intellectual property and national security.

What is the primary reason for the low number of prosecutions in cybercrime cases?

• Cybercriminals are mostly overseas

• Insufficient laws

• Lack of interest from authorities

• Lack of evidence

Which sector is NOT mentioned as being heavily affected by cybercrime?

• Pharmaceutical companies

• Electronics and software developers

• Car manufacturers

• Agriculture

What is the estimated annual cost of intellectual property theft to British companies?

• £10 billion

• £21 billion

• £27 billion

• £5 billion

Why is securing cyber infrastructure crucial for society?

• To prevent data loss

• To ensure privacy

• To protect intellectual property and national interests

• To reduce internet usage

What is the strategic challenge mentioned in relation to cybercrime?

• Limited technological advancements

• Increasing dependence on cyber infrastructure

• High cost of cybersecurity measures

• Lack of skilled professionals