A data security company has slammed the Home Affairs Committee for allegedly ignoring the evolving nature of security threats in its report on e-crime.
The committee published its findings today, stating that the UK is failing to win the war on online crime.
It said there appears to be a ‘black hole’ in which criminals can act with impunity, with fraud and other offences often not reported by banks which simply reimburse the customer.
And it recommended the UK establish an espionage response centre, which would allow companies, media, and institutions to report hacking attempts so that action can be taken.
"We are being too complacent about these e-wars because the victims are hidden in cyberspace," said Vaz. "The threat of a cyber attack to the UK is so serious it is marked as a higher threat than a nuclear attack."
Vaz noted that out of the 25 nations some of the hackers are operating from EU countries.
"If we don’t have a 21st century response to this 21st century crime, we will be letting those involved in these gangs off the hook," headded.
But Ruby Khaira, UK, Northern Europe and India regional manager for data security firm FireMon, criticized the committee for not recognising the fact that cyber criminals constantly evolve to tackle security measures.
She said: "Today’s security landscape is fast-changing and organisations are failing to address the challenges that are being posed by sophisticated criminal enterprises.
"As organisations and their networks become ever more complex, it is enabling attacks to be launched from across the globe which are becoming more targeted and specific in nature.
"A number of measures have been outlined that would require investment at multiple tiers. What we will likely see is that cybercriminals will evolve the attack landscape to combat any measures being introduced, by either governments or companies.
"The report makes no mention of the fact that only by understanding the real time security posture, can organisations begin to analyse and identify security gaps and prioritise remediation against attack."
