Cybercrime costs biz more than physical crime

Friday, 17 March 2006, 1:11 AM EST

Cybercrime is more costly to businesses than physical crime, according to a recent IBM survey of 600 US businesses. Lost revenue, wasted staff time dealing with IT security attacks and damage to customer goodwill were rated as a bigger problem than conventional crime by 57 per cent of firms in the healthcare, financial, retail and manufacturing industries. Respondents in the US finance industry (71 per cent) were the most concerned about the threat of cybercrime.

At The Register.

[ Read more ]




Spotlight

Harnessing artificial intelligence to build an army of virtual analysts

PatternEx, a startup that gathered a team of AI researcher from MIT CSAIL as well as security and distributed systems experts, is poised to shake up things in the user and entity behavior analytics market.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Mon, Feb 8th
    COPYRIGHT 1998-2016 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //