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From TruSecure / ICSA Labs, 29 Aug, 2003,
A recent survey including 882 respondents determined that the MS Blaster
worm:
- Remediation cost $475,000 per company (median
average - including hard, soft and productivity costs) with
larger node-count companies reporting losses up to
$4,228,000
- Entered company networks most often through
infected laptops, then through VPNs, and finally through mis-configured
firewalls or routers.
From Deloitte Touche Tohmatsu, 20 May, 2003, http://www.deloitte.com/dtt/cda/doc/content/Global%20Security%20Survey%202003.pdf
- Financial services companies are spending approximately 6% of their
IT budgets on information security
- 47% hired extra security staff compared with 2001.
- Only 19% of respondents said they had reduced the number of IT
security staff, despite the slowdown in the economy.
From Internet Fraud Complaint Center (IFCC),
11 April, 2003, http://www1.ifccfbi.gov/strategy/2002_IFCCReport.pdf
- Instances of Internet fraud increased drastically in 2002 as
compared to 2001
- Losses reported by victims totaled $54 million, versus $17 million
the year before, and complaints referred to law enforcement totaled
48,252, compared to 16,755 in 2001
- Auction fraud and non-delivery of merchandise were to top two
reported crimes, with Credit and debit card fraud following them at
12%
From MSN, March 27, 2003, http://www.msnbc.com/news/891186.asp?cp1=1
- "ID theft costs banks $1 billion a year. Nearly 10,000 victims
had home loans - totaling about $300 million - taken out in their name
in 2002 and another 68,000 had new credit cards issued in their
name"
- "While the FTC received 161,000 identity theft complaints last
year, the FBI estimates the actual number of victims is probably
closer to 500,000"
From Information Security Magazine, 1 March
2003,
http://www.infosecuritymag.com/2003/mar/cisosurvey.shtml
According to an Information
Security survey of 518 senior security managers:
- Just over half (53%) of those surveyed said their information
security budgets would increase in 2003
- 16% said their budgets would increase by over 20%
- 30% said their budgets would remain flat in 2003
- 17% said their budgets would decrease
From IDC, 18 July 2002,
http://www.idc.com/getdoc.jhtml?containerId=pr2002_06_25_210953
The market for web intrusion protection services and products is
expected to increase to nearly US $700,000,000 by 2006.
From UK Dept. of Trade and Industry, June
2002,
https://www.security-survey.gov.uk/View2002SurveyResults.htm
In thier bi-annual report on information security breaches in the
UK, Price Waterhouse Coopers and the UK DTI found some astonishing trends:
- Average cost of a serious security incident was £30,000
(appr. US $50,000) and several of those surveyed had single incident costs
which were greater than £500,000 (appr. US $825,000)
- 78% of companies surveyed had experienced at least one malicious
security incident, with 44% experiencing them within the last year.
- 56% of those surveyed were not covered or by cyber insurance,
or weren't sure if their current insurance policies covered cyber incidents
From Computer Economics, 2 January 2002,
http://www.computereconomics.com/page.cfm?name=pressreleases
It is estimated that the worldwide impact of malicious code was 13.2
Billion Dollars in the year 2001 alone, with the largest contributers being
SirCam at $1.15 Billion,
Code Red (all variants) at $2.62 Billion, and NIMDA at $635 Million.
From The Register, 11 April, 2001,
http://www.theregister.co.uk/content/5/18252.html
A 41 year old, Radomir Lukic, was arrested in the UK after defrauding
BT Cellnet and Telewest of an estimated £3,000,000. For quite
some time, Lukic had been selling "hacks" for popular UK based cellular
phones and cable TV services. In addition to confiscating several
computer systems, when police searched Lukic's residence, they found
200 cellular phones, 400 devices used to "turn-on" cable TV channels,
and nearly £22,000 in cash.
From the AHA, 30 March 2001,
http://www.aha.org/ar/Comment/PrivacyDetailB0330.asp
It is estimated that implementing IT and management solutions to
ensure minimum compliance with HIPPA regulations could
cost hospitals up to US $22.5 billion, over the next 5 years.
From C|Net, 22 March 2001,
http://news.cnet.com/news/0-1005-200-5217277.html?tag=ch_mh
Conducting a recent "digital sleuthing" challenge has helped researchers
to uncover costs associated with investigating attacks on systems.
According to the C|net, article:
- "It took the intruder less than a minute to break into the
university's computer via the Internet, and he stayed less than
a half an hour. Yet finding out what he did in that time took researchers,
on average, more than 34 hours each."
- "those 34 hours would cost a company about $2,000 if the investigation
was handled internally and more
than $22,000 if a consultant was called in."
- "The contest also helps illuminate why securing a computer
is more cost effective than hiring consultants to come in and do
the detective work afterward, said Fred Cohen, director of the online
investigations program for the University of New Haven, Conn."
From The Computer Security Institute with the participation
of the San Francisco Federal Bureau of Investigation's (FBI) Computer
Intrusion Squad, 12 March 2001,
http://www.gocsi.com/prelea_000321.htm
, out of 538 respondents (directly quoted):
- 85% (primarily large corporations and government agencies)
detected computer security breaches within the last twelve months
- 64% acknowledged financial losses due to computer breaches
- 35% (186 respondents) were willing and/or able to quantify
their financial losses. These 186 respondents reported $377,828,700
in financial losses. (In contrast, the losses from 249 respondents
in 2000 totaled only $265,589,940. The average annual total over the three
years prior to 2000 was $120,240,180.)
- The most serious financial losses occurred through theft of
proprietary information (34 respondents reported $151,230,100) and
financial fraud (21 respondents reported $92,935,500).
- more...
From Independent Newspapers Ltd., 26 February 2001,
http://www.stuff.co.nz/inl/index/0,1008,665885a1897,FF.html
A recent study conducted by the Omni Consulting Group, of Davis California,
showed that out of "3000 businesses [surveyed,] security gaps cost the
companies between 5.7 and 7 per cent of [their] annual revenue in what
[they refer to as] "economic leakage".
From ZDNet, 24 January 2001,
http://www.zdnet.com/zdnn/stories/news/0,4586,2677878,00.html
"Fortune 1,000 companies lost more than $45 billion from the theft
of proprietary information in 1999, according to a study released by
the American Society for Industrial Security and consulting firm PricewaterhouseCoopers.
The majority of those hacking incidents hit tech companies, with nearly
67 individual attacks and the average theft ringing up about $15 million
in losses."
From IDC, 23 January 2001,
http://emea.idc.com/press/20010123.htm
In a recent press release entitled "Europe's eSecurity Services Market
Tops $1.5 Billion in 2000", IDC states that "the esecurity services market
will exceed $4 billion dollars in Western Europe by 2004 - making it
one of the fastest-growing segments in the European IT services space"
From Business2.Com, 22 January 2001,
http://www.business2.com/content/channels/technology/2001/01/19/24969
A report by Meridien
Research
was released on the 18th of January, 2001. The report found
that protective technologies currently being deployed by e-businesses
are helping to reduce potential fraud related losses:
- In 2000, fraud-related losses from online transactions were
approximately 1.6 billion US dollars.
- Without investments in anti-fraud technology, the loss figure
for 2000 is estimated to be more than $2 billion
- "By 2005 [that figure] would have jumped to $15.5 billion.
Meridien estimates that due to advances in online credit card fraud
technology, losses will be cut to about $5.7 billion. Overall, the
firm estimates that online credit card purchases worldwide will jump
from $45 billion in 2000 to more than $310 billion by 2005."
From Datamonitor, 18 January 2001,
http://www.datamonitor.com/viewnewsstory.asp?id=1375
,
On November 15, 2000, Datamonitor released a paper entitled "eSecurity
– removing the roadblock to eBusiness"
- Regardless of the fact that "eSecurity breaches cause over
US $15 billion damage worldwide annually", according to the white
paper, more than 50% of businesses worldwide spend 5% or or less
of their IT budget on security.
- The paper also predicts that global business-to-business and
business-to-consumer eCommerce revenues will reach US $5.9 trillion
and US $663 billion by 2005 respectively. It notes, however,
that this growth can not happen without correcting security expeditures.
From ICSA.Net, 23 October 2000,
http://www.securitystats.com/reports.asp
, "2000 Computer Virus Prevalence Survey":
- The reported damage estimate from the "LoveLetter" virus is
as much as $10 Billion.
- The reported damage estimate from the "Melissa" virus was $385
Million
- Including hard and soft dollar figures, the true cost of virus
disasters is between $100,000 and $1 Million per company
From IDC, 14 August 2000,
http://www.idc.com/Internet/press/PR/NET081400pr.stm
"Web spending on IT products and services [is expected] to more than
double from $119.1 billion in 2000 to $282.5 billion in 2003."
From Wired News, 29 March 2000,
http://www.wired.com/news/politics/0,1283,35264,00.html
A 19-year-old Houston cracker agreed to plead guilty to one
count of conspiracy for teleconferencing fraud and computer cracking
in one of the government's most notorious cybercrime cases, court documents
show. GlobalHell, the hacker group that the teen belonged to, is said
to have caused at least $1.5 million in damages to various U.S. corporations
and government entities, including the White House and the U.S. Army.
From The Computer Security Institute with the participation
of the San Francisco Federal Bureau of Investigation's (FBI) Computer
Intrusion Squad, 22 March 2000,
http://www.gocsi.com/prelea_000321.htm
, out of 643 respondents:
- 25% of respondents detected system penetration from the outside.
- 27% of respondents detected denial of service attacks.
- 79% detected employee abuse of Internet access privileges (for
example, downloading pornography or pirated software, or inappropriate
use of e-mail systems).
- 85% detected computer viruses
- 93% of respondents have WWW sites.
- 43% conduct electronic commerce on their sites (in 1999, only
it was only 30%).
- 19% suffered unauthorized access or misuse within the last
twelve months.
- 32% said that they didn't know if there had been unauthorized
access or misuse.
- 35% of those acknowledging attack, reported from two to five
incidents.
- 19% reported ten or more incidents.
- 64% of those acknowledging an attack reported Web-site vandalism.
- 60% reported denial of service.
- 8% reported theft of transaction information.
- 3% reported financial fraud.
- 273 organizations that were able to quantify their losses reported
a total of $265,589,940
From Computer World Online News, 7 January 2000,
http://www.computerworld.com/home/print.nsf/all/000107DB3A
President Clinton will seek $2.03 billion next year for computer
security and critical infrastructure programs, an approximately 17% increase
over this fiscal year's budget of $1.75 billion.
From Security Management Magazine, January 2000,
"Underground Web Sites"
"Fueled by web sites that provide instructions on how to crack systems
and commit technology-related frauds, it is estimated to have cost businesses
more than $1 trillion in 1999 in preventative maintenance, recovery,
theft, and unrealized revenue."
NOTE: "Critics of <this> report have said the findings are
alarmist and overstate the damage that can be specifically attributed
to these Web sites. Harriss says the report was simply an alert to corporations
about what type of information is being shared."
From Information Security Magazine, December 1999,
1999 Infosecurity Year-in-Review
- On April 22nd, 1999, a computer technician at the Seattle-area
"Blarg! Online" ISP, discovered that improperly installed shopping-cart
software, used widely on the Internet to simplify online purchasing,
allowed anyone to see confidential data, such as credit card numbers,
affecting at least several hundred, and possibly many thousands, of
e-commerce sites where the software was improperly installed.
- On April 22nd, 1999, according to newswire reports, the Chernobyl
computer virus struck hundreds of thousands of computers in Asia
and the Middle East, with Turkey and South Korea each reporting 300,000
damaged computers.
From Information Security Magazine, July 1999,
http://www.infosecuritymag.com/july99/cover.htm
, out of 745 surveyed:
- 50% of the companies conduct e-commerce over the Internet (
chart
)
- 65% said infosecurity has "high visibility" in their organization
(chart
)
- There was a 91.5% increase in the number of surveyed
companies suffering an unauthorized access (hacking/cracking) intrusions
from 1998 to 1999. (
chart
)
- From 91 companies that were able to quantify their losses,
the total cost of security breaches totaled $23.3 million USD (
chart
)
- 77% experienced virus outbreaks (
chart
)
- 52% had employee access breaches of some variety (
chart
)
- 44% spent less than $50,000 on their organizational security
budget
- 11% spent more than $1,000,000 on their organizational security
budget (
chart
)
- Only 33.33% said their infosecurity budget was sufficient (
chart
)
- Average (mean) salary of all respondents was $69,000 (
chart
)
- 99% held a security awareness/training program for staff during
1999
From Information Week, 12 July 1999,
Global Security Survey: Virus Attack
Based on responses from 2,700 executives, security professionals,
and technology managers from 49 countries:
- "Globally, about 64% of companies were hit by at least one
virus in the past 12 months, up from 53% the year before. In the
United States, viruses stung 69% of companies. Those figures are
about four times as high as the next highest category of security
breaches: unauthorized network entry."
- Viruses and computer hacking will cost U.S. businesses an estimated
$266 billion this year--more than 2.5 percent of America's Gross
Domestic Product (GDP)
- "The percentage of companies suffering security breaches increased
slightly. Last year, 27% of companies responding said they had not
suffered a security breach. This year, only 24% could make that claim.
In the United States, just 22% reported no security breaches."
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Other
Related 3rd Party Articles:
"Survey Sound Bites"
, ISM*, Sept. 2000
"Got Security?"
, ISM*, July 1999
"Enough Is (Never) Enough"
, ISM*, July 1999
"
The Seven Worst Security Mistakes Senior Executives Make"
, SANS, May 1999
*Information Security Magazine
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