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Cybercrime costs U.K. $42.51 billion every year

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The U.K. government must work to resolve the imbalance between the capabilities of organized cybercrime groups and the limited capacities of law enforcement agencies in the country amid growing cybercrimes, reported The Conversation.

Cybercrime is estimated to cost the country's economy £27 billion ($42.51 billion) each year.

Security firm Norton forecast that over 12.5 million people in the country fall prey to cyber attacks each year.

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