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UK e-Crime Unit Saves £140 million Through Online Crime Prevention Tactics

The e-crime unit of the Metropolitan Police has claimed that it saved £140 million for the UK economy in the last six months.

According to an article (opens in new tab) on The Register, these estimates are based on the money cyber- criminals would have made if the e-crime unit was not there to save the day.

The estimates released by the Metropolitan Police have already met the department’s yearly target or 30 percent of the £504 million the department vowed to save over the next four years.

"In the initial six month period the PCeU, together with its partners in industry and international law enforcement, has excelled in its efforts to meet this substantial commitment and have delivered in excess of £140 million of financial harm reduction to the UK economy," said ACPO eCrime lead for law enforcement, Janet Williams.

"We hope to be able to better this result in the future as we expand our national capability," she added.

The Police Central e-Crime Unit (PCeU) said that the £30 million it received by the government is being used to fund a team of 85 cyber crime prevention specialists who tackle cyber crime areas like computer intrusion, malware distribution, denial of service (DDoS) attacks and Internet enabled fraud.