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Wednesday, June 14, 2006

Money lost to cybercrime down—again

While many headlines spell doom and gloom when it comes to computer-related misdeeds, the average losses at businesses due to cybercrime continue to drop, according to a new survey.  For the fourth straight year, the financial losses incurred by businesses due to incidents such as computer break-ins have fallen, according to the 2006 annual survey by the Computer Security Institute and the FBI.  Robert Richardson, editorial director at the CSI, discussed the survey’s findings in a presentation at the CSI NetSec conference here Wednesday.  Respondents in the 2005 survey reported an average of $204,000 in cybercrime losses, Richardson said.  About a third of respondents said they had no losses at all due to insider threats, another 29 percent said less than one-fifth of overall losses came from insider threats.

“We’re seeing fewer of some of the attacks that have been such a plague for us in many years, and respondents are using less and less money.”  Last year that percentage was 35 percent.

When it comes to cybercrime losses, consumers might be bearing the brunt of them, and they are not covered by the survey, Richardson suggested.

http://news.com.com/2100-7349_3-6083860.html?part=rss&tag=6083860&subj=news

Posted on 06/14
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