US computer security costs £38bn a year

Dealing with viruses, spyware, PC theft and other computer-related crimes costs US businesses £38bn a year, according to the FBI.

Dealing with viruses, spyware, PC theft and other computer-related crimes costs US businesses £38bn a year, according to the FBI.
 
The figure comes from an FBI survey of 2,066 organisations, which found that 1,324 respondents, or 64%, suffered a financial loss from computer security incidents over a 12-month period.

The average cost per company was more than £14,000, with the total cost reaching £18m for those surveyed. Extrapolating the figures to estimate the national cost, even after reducing the estimated number of affected organisations from 64% to a more conservative 20%, took the total cost to £38bn per year.

Responding to worms, viruses and Trojan horses was most costly, followed by computer theft, financial fraud and network intrusion. Respondents spent nearly £8m to deal with virus-type incidents, £1.8m on theft, £1.6m on financial fraud and £1.5m on network intrusions.

Even allowing for extrapolating the figures, this survey shows just how much money has to be invested in security to counter the activities of hackers and criminals. What a ‘waste’ of money.

Read more on IT risk management

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close