• United States



by Paul Kerstein

Cost of Cybercrime Overtakes Physical Crime

Mar 20, 20061 min
CSO and CISOData and Information Security

A recent survey by IBM shows that nearly 60 percent of U.S. businesses say cybercrime is more costly to them than physical crime. reports that the survey covered companies in the healthcare, financial, retail and manufacturing industries and that the resulting costs of cybercime were primarily from lost revenue, loss of customers and loss of productivity.

Six hundred CIOs and executives responded to the survey, which also revealed that 84 percent of U.S. IT executives believe that organized criminal groups with technical know-how are replacing rogue hackers.

Read the full article at

Compiled by Paul Kerstein