An IBM survey of manufacturing, financial, healthcare and retail enterprises has shown that CIOs see cyber crime as a greater threat than physical crime.
Fifty-seven percent of the 600 US businesses in the survey said they are losing more money through cyber crime - either by loss of income, the loss of current and potential customers, or decreased employee productivity - than from conventional crime.
Three-quarters of IT managers surveyed said some of the threat to their corporate security came from inside their own organisations, while 84% believed that criminal hacker groups were increasingly replacing lone hackers as the perpetrators of cyber crime.
Seventy-three percent of the CIOs surveyed had responded to the threat of cyber crime by upgrading their anti-virus software, while 69% had upgraded their firewalls.
Two-thirds were implementing intrusion detection or prevention technologies, while 53% were implementing patch management systems on their networks.
It’s a sign of the times that these figures are really no surprise. In many ways, given the sophistication of their cyber attacks, there is less risk for criminals of getting caught than through conventional crime.