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.

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