Magazine article Security Management

Internet Attacks the Purse Strings

Magazine article Security Management

Internet Attacks the Purse Strings

Article excerpt

For the fifth year in a row, the San Francisco-based Computer Security Institute (CSI) has reported mounting internal and external threats to corporate networks. This year, the organization was able to distill a clearer picture of damages and financial losses apart from the everyday nuisances of viruses and laptop theft.

The total of losses reported in CSI's "Issues and Trends: 2000 CSI/FBI Crime and Security Survey" is a staggering $265 million. That number comes from figures reported by 273 respondents (out of a total 643 polled) who were able and willing to quantify their losses.

Respondents--a mixture of government agencies and large corporations-- were asked to total their losses in 12 different categories, such as sabotage and theft of proprietary data. Losses in eight of the categories had grown larger than in any previous year. Proprietary information theft ranked highest, accounting for $66.7 million.

In the category of sabotage, the survey found that the numbers had nearly tripled. In the past year, losses were estimated at $27.1 million, whereas the combined total for sabotage losses in the previous three years totaled only $10.8 million. Financial fraud accounted for $55.9 million.

For 59 percent of all respondents, the point of attack was their Internet connection. …

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