THE LONDON METROPOLITAN POLICE Central e-Crime Unit (PCeU) has claimed that it saved the UK over £1bn in the last three years.
The PCeU is the UK cybercrime fighting force. It said that it prevents losses that work out at £58 per pound of public money spent. In short it is doing its job, said the PCeU's Financial Harm Reduction & Performance Report.
"The Metropolitan Police Service's (MPS) Police Central e-Crime Unit (PCeU) has saved the UK economy a staggering £1.01 billion in the last two and a half years. This is double its target, achieved in half the time expected," it said.
"This figure, announced in a report, relates to the amount of money that the UK has been prevented from losing through the impact of cyber crime and has been achieved following a number of successful operations led by the PCeU."
While saving money in this way the PCeU has also created a burden on the UK justice system.
According to the report it has charged 126 suspects since it launched and secured the conviction of 89 cyber criminals. 30 people are awaiting trial, it added, and some 26 national and international organised cyber crime groups have crumbled in its wake.
This has added up to a lot of porridge time for some, and the PCeU said that 61 criminals have been sentenced to a total of 184 years imprisonment.
"Developing a national policing response to this new and evolving criminal methodology has been extremely challenging, however, the PCeU has enjoyed outstanding success during its time as the national lead on combating cyber crime in the UK," said detective superintendent Terry Wilson of the PCeU.
"We have worked closely with partners from across the globe to reduce the financial harm to thousands of UK citizens and businesses, as well as securing the convictions of many cyber criminals who have targeted the UK."
Earlier this month the PCeU arrested some chaps and accused them of pilfering around £1.4 million from Barclays Bank. µ