On the surface, the results of the 11th annual CSI/FBI Computer Crime and Security Survey are positive, with fewer companies reporting financial loss from data breaches compared to last year. But a majority of companies are still reluctant to report security breaches to law enforcement, suggesting that the survey isn’t capturing the full extent of the problem. Respondents tell us that they are keeping their cybercrime losses lower,” CSI Director Chris Keating said in a statement. “At the same time, our economic reliance on computers and technology is growing and criminal threats are growing more sophisticated, so we shouldn’t overestimate our strengths.”
About 25% of respondents said they reported computer intrusions to law enforcement, compared with 20% in the previous two years. But the percentage is still small, and CSI said a big reason for the drop in financial losses, as reflected in the overall survey results, is a decrease in the number of respondents able and willing to provide estimates.
“Even in an anonymous survey, only half of the 616 U.S companies surveyed were willing to share overall cost figures from financial losses resulting in security breaches. The impact of the Sarbanes-Oxley Act on information security remains substantial,” the report said.
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