Magazine article Information Today

Computer Security Survey: Financial Losses and Internet Break-Ins

Magazine article Information Today

Computer Security Survey: Financial Losses and Internet Break-Ins

Article excerpt

In addition to the problems of hackers, ex-employees, and unscrupulous competitors, increased use of the Internet for business purposes is a growing concern for information security professionals, according to the Third Annual Ernst & Young/Information Week Information Security Survey.

More than half of those surveyed reported security-related financial losses in the past year - with 20 companies reporting losses in excess of $1 million. And of those using the Internet for exchanging information externally, 20 percent reported successful or attempted break-ins in the past year.

Forty percent of the Internet business users expressed dissatisfaction with Internet security, the survey found. At the same time, a commanding 87 percent of Internet users stated that they would use it more for business purposes if security were enhanced. More than two-thirds of those not using the Internet now, but planning to within a year, said they would increase their potential use even more if its security were improved.

Most companies surveyed admit that they do not have adequate tools or properly trained personnel to defend against information security losses, which can run into millions of dollars. But Daniel E. White, an Ernst & Young partner specializing in information security, points out, "Companies are demonstrating growing awareness of security problems and increased willingness to devote additional resources to their solution."

"Information security should be decentralized," said White. "As companies rely on advanced information technology to exchange data among remote locations such as plants, branch offices, and warehouses, effective security systems need to be implemented in those locations, and the people in charge locally must regard information security as part of their responsibility. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.