Governments should concentration more supports on policing the internet and reduction on anti-virus software, according to new research.
Computer scientists at the University of Cambridge carried out the cybercrime investigate after being approached by the UK's Ministry of Defence.
The inform indicated that the UK was spending roughly 640m annually on the problem.
It mentioned reduction than 10m of that total was outlayed on cybercrime law enforcement.
The group worked with colleagues in Germany, the Netherlands, the USA and UK to put together the study. They deliberate all the principal variety of cybercrime, inclusive online remuneration and promissory note fraud.
Lead writer Prof Ross Anderson moreover told the BBC that reduction supervision allowance should be outlayed on monitoring phone and internet communications.
He mentioned that military in the UK were frequently months at the back and as well focussed on surveillance, since resources had been misallocated.
"Some military forces think the complaint is as well considerable to tackle," he said.
"In fact, a tiny number of gangs distortion at the back many incidents and locking them up would be far more efficient than revelation the open to fit an anti-phishing toolbar or buy anti-virus software. Cybercrooks levy jagged expenses on society."
According to Prof Anderson it is primarily the US supervision - and the FBI in specific - that bring out the "heavy lifting" when it comes to embarking cybercrime.
"Cybercrime has combined a swamp," he added. "You must be empty the engulf by impediment people."
A Cabinet Office orator welcomed the inform and mentioned that the supervision believed the hazard was major and indispensable to be tackled.
"Our draw close strikes the correct change between fortifying our interests and embarking cybercriminals" he said.
The Cabinet Office sharp to additional investment of 650m over 4 years to account more cyber-specialists in military forces opposite the country.
Prof Anderson moreover endorsed enhancing consumer insurance legislation for victims of credit card fraud.
He mentioned that the apprehension of rascal by businesses and consumers was heading a few to prevent online transactions, grand an surreptitious cost on the economy.
He remarkable that consumers in countries similar to the Netherlands, Finland and Ireland enjoyed sufficient stronger protection.
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