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Online frauds rise as card scammers get away with less
...accessed by fraudsters, most within the last year. More than one in eight of those had had money stolen, with the average loss over £1,000. CPP card fraud expert Michael Lynch said the latest industry stats were encouraging. "But there... http://www.computerweekly.com/Articles/2009/10/07/238029/online-frauds-rise-as-card-scammers-get-away-with-less.htm
Financial institutions bear most of phishing cost, survey shows
...consumers revealed a 40% increase in the number of phishing victims in 2008 over the year before to five million. The average loss was $350 per phishing attack, but consumers said they had recovered 56% of their losses from the financial institutions... http://www.computerweekly.com/Articles/2009/04/15/235652/financial-institutions-bear-most-of-phishing-cost-survey.htm
Europe faces massive skills shortfall
...centre skills, and 31 per cent for e-business skills will not be satisfied in Western Europe. This could lead to an average loss of some 2.5 to 3 per cent of GDP in Western Europe by 2003." "This represents an important challenge for Europe... http://www.computerweekly.com/Articles/2001/03/08/178755/europe-faces-massive-skills-shortfall.htm
Information security: Who should be liable for security?
...internet users by Get Safe Online found that 12% of respondents had suffered online fraud in the past year, at an average loss of £875. And the Association of Payment Clearing Services has highlighted a surge in the amount of money lost to online... http://www.computerweekly.com/Articles/2007/04/24/223411/information-security-who-should-be-liable-for-security.htm
Security Blog Log: Has CSI/FBI survey jumped the shark?
...financial and medical institutions and universities. The average loss respondents reported due to security breaches was $167,713, an 18% decrease from last year's average loss of $203,606. The survey also pointed out that most... http://www.computerweekly.com/Articles/2006/07/21/217181/security-blog-log-has-csifbi-survey-jumped-the-shark.htm
Phishers home in on the wealthy
...more," said Gartner analyst Avivah Litan. "The average loss per victim nearly quintupled between 2005 and 2006...phishing e-mails, up from 57 million in 2004. The average loss per victim has grown from $257 (£138) to $1,244... http://www.computerweekly.com/Articles/2006/11/10/219850/phishers-home-in-on-the-wealthy.htm
CSI survey: Data breaches still being swept under the rug
...financial and medical institutions and universities. The average loss reported by respondents was $167,713, an 18% decrease over last year's average loss of $203,606. "This year's survey -- coupled... http://www.computerweekly.com/Articles/2006/07/14/217000/csi-survey-data-breaches-still-being-swept-under-the.htm
Gartner: IT departments lack finances for security
...in 2005. The percentage of funds consumers managed to recover dropped from 87% in 2005 to 61% in 2006. The average loss on new account fraud more than doubled from $2,678 in 2005 to $5,962 in 2006. Unauthorized charges to credit... http://www.computerweekly.com/Articles/2007/03/06/222271/gartner-it-departments-lack-finances-for-security.htm
Security: No place to hide
...fraud is often much greater than for other security incidents. The PwC Global Economic Crime Survey 2003 estimated the average loss from a cybercrime incident as $800,000 (£504,000). Second, most businesses expect the prevalence of cybercrime... http://www.computerweekly.com/Articles/2003/09/16/197230/Security-No-place-to-hide.htm
Telcos and IT firms at high risk from economic crime
...was the biggest reported category, 15% of the companies surveyed reported suffering losses from cybercrime. The average loss to cybercrime among the companies was around £500,000, but over two-thirds of the companies said they could not... http://www.computerweekly.com/Articles/2003/07/10/195830/telcos-and-it-firms-at-high-risk-from-economic-crime.htm
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Fake anti-virus scams becoming big business - Computer Business Review : News
...services companies need technology that will lock down a customer’s online banking sessions. He said, “At a an average loss of nearly £5,000 per customer, what this case does highlight is that despite having the most up-to-date anti... http://www.cbronline.com/news/fake_anti_virus_scams_becoming_big_business_191009
Social networkers warned of risk
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Revolving door: Retirement boom already shifting job roles in current manufacturing models
Global survey: economic downturn drives increased spending on IT security
UOHS fines mobile operators: CommsUpdate : TeleGeography Research
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Making Your Business DR Ready with Virtual Infrastructure
...brief application outage. Impact of a data loss is even more drastic. IDC estimates that in a disaster situation, the average loss is $3 million per incident and $81,000 per hour. To develop an effective business continuity strategy, businesses... http://www.findwhitepapers.com/whitepaper3032/
Phishers going after platinum - Security Strategy - Breaking Business and Technology News at
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Small firms urged to strengthen online security
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