Cyber attacks, losses on rise worldwide

September 13, 2005

Intrusions into computer systems and resulting financial losses are both on the rise, according to a survey released Tuesday.

CIO Magazine and PricewaterhouseCoopers polled 8,200 IT security executives around the world and determined that security-related events and events that resulted in financial losses were both up around 22 percent in the past year.

Hackers were responsible for the majority of cyber intrusions, followed by disgruntled current and former employees.

The response has been an overall hike in corporate security spending from 11 percent of company revenue to 13 percent last year.

A number of companies, however, remain relatively unprotected, with only 37 percent having a formal IT security plan in place.

Copyright 2005 by United Press International

Explore further: All eyes on the oceans—James Hansen and sea level rise

Related Stories

All eyes on the oceans—James Hansen and sea level rise

September 1, 2015

On July 23, James Hansen and 16 co-authors posted a discussion paper on an open-review website about sea level rise and climate change. The article has garnered massive attention around the internet and scientific communities — both ...

What we need to do to prepare for a nuclear event

August 10, 2015

As we observe the 70th anniversary of the bombings of Hiroshima and Nagasaki, it may seem like the threat from nuclear weapons has receded. But it hasn't; the threat is actually increasing steadily. This is difficult to face ...

AVERT team shows autonomous extraction system for vehicles

April 29, 2015

A paper titled "AVERT: An Autonomous Multi-Robot System for Vehicle Extraction and Transportation" is the result of research work and the AVERT project team is in for some momentous times ahead. Angelos Amanatiadis, Christopher ...

Recommended for you

Trade in invasive plants is blossoming

October 3, 2015

Every day, hundreds of different plant species—many of them listed as invasive—are traded online worldwide on auction platforms. This exacerbates the problem of uncontrollable biological invasions.

How much for that Nobel prize in the window?

October 3, 2015

No need to make peace in the Middle East, resolve one of science's great mysteries or pen a masterpiece: the easiest way to get yourself a Nobel prize may be to buy one.

Drone market to hit $10 billion by 2024: experts

October 3, 2015

The market for military drones is expected to almost double by 2024 to beyond $10 billion (8.9 billion euros), according to a report published Friday by specialist defence publication IHS Jane's Intelligence Review.

Fusion reactors 'economically viable' say experts

October 2, 2015

Fusion reactors could become an economically viable means of generating electricity within a few decades, and policy makers should start planning to build them as a replacement for conventional nuclear power stations, according ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.