Cyber attacks, losses on rise worldwide

Sep 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: Virtual reality guides those whose memory is failing

add to favorites email to friend print save as pdf

Related Stories

Predicting and preventing costly breakdowns in machines

Aug 06, 2014

Everything's green in Duisburg. Well, almost. That's because many green dots and only one red one can be seen on a huge display that shows the city's street network. Every dot represents a traffic light. ...

UN launches first global environmental assembly

Jun 23, 2014

The United Nations on Monday launched a week-long global environment conference aimed at tackling challenges from poaching to marine pollution and boosting the "green economy".

Recommended for you

Virtual reality guides those whose memory is failing

11 minutes ago

Experts agree that the ability to navigate a neighborhood or built space is one of the first faculties to suffer at the onset of cognitive decline. They also agree that early intervention is crucial for stemming ...

Why conspiracy theorists won't give up on MH17 and MH370

41 minutes ago

A huge criminal investigation is underway in the Netherlands, following the downing of flight MH17. Ten Dutch prosecutors and 200 policemen are involved in collecting evidence to present at the International Criminal Court in the Hague. The inv ...

Twitter tries to block images of Foley killing

50 minutes ago

Twitter is trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers the publicity they crave is also gaining ...

User comments : 0