Computer crime costs US firms £38bn


Computer crime costs US firms £38bn

The FBI has found that almost 9 out of 10 companies said they’d suffered some kind of security incident in 2005 and three-quarters of those attacks caused financial damage.

Viruses and worms caused the most problems and were the most costly to put right, accounting for £6.5m of the total losses of the 2,066 organisations surveyed. The average cost per company was £13,000.

In a separate survey, IBM warns that better security protection is creating a new breed of “organised, committed and tenacious profiteers” using more sophisticated techniques.

“This means that attacks will be more targeted and potentially damaging,” says Cal Slemp, vice president of IBM's security and privacy services.

These profiteers will exploit the weakest security link - employees - to do their dirty work for them, such as launching malware. Blogging, instant messaging and mobile devices will also become more popular vehicles for attack.

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