City of London police chief Ian Dyson has warned that recorded cyber-crime figures for the capital may just be the tip of the iceberg as the many businesses fail to report instances when they fall victim to online fraud and hacking.
Authorities are openly appealing to businesses to come forward when they fall victim to allow such crimes to be investigated amidst fears that a culture of silence may be taking root.
Dyson estimates that just 10% of online crime experienced by business and individuals is flagged-up to the police, blaming an ‘urban myth’ that police focus resources on traditional forms of crime for this reticence.
Other reasons to hold back include a fear of reputational damage which may arise from going public with any security lapses.
In a plea for engagement Dyson said: “We go where the criminality is. Some think, 'can enforcement do anything?' "Please do report it.”
Citing some of the forces recent successes Dyson said that 180,000 bank accounts, phone lines and websites connected with fraud had been closed down.