Magazine article Security Management

Computer Attack Losses Drop

Magazine article Security Management

Computer Attack Losses Drop

Article excerpt

The financial loss caused by significant computer attacks in 2002 declined by 56 percent from 2001, even though the number of attacks was roughly the same in both years, according to the latest Computer Crime and Security Survey.

The survey, conducted by the Computer Security Institute (CSI) and the FBI, looks at issues ranging from the types of security technologies used to how likely companies are to report computer intrusions. The latest report was based on data collected from 530 respondents, representing organizations from large corporations, government agencies, and universities.

Only 251 of the respondents who acknowledged financial losses could quantify them. The total reported loss of $202 million was far below the almost half-billion dollars in losses reported the previous year, but it still represents a significant hit.

The losses fell into several categories. The theft of proprietary information cost companies more than $70 million, according to the recent survey, nearly $100 million less than the previous year. …

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