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image Security HeadLines: Main security breaches in businesses image
Cyber Security
Experience is the least contagious disease.
Oliverio Girondo (1891-1967); Argentinian poet.
- Main security breaches in businesses -
Oxygen3 24h-365d, by Panda Software (http://www.pandasoftware.com)
Madrid, November 26, 2003 - PricewaterhouseCoopers has published the results
of a recent study (*) on the main security breaches suffered by companies,
many of them caused by malicious code.



This report is the result of interviews carried out over the last five years
with 420 CEOs of the fastest-growing companies in the United States. The
following conclusions have been extracted from this research into breaches
suffered over the last two years:

- 46 percent of surveyed companies acknowledge having suffered security
breaches, 90 percent of them being infected by viruses and worms. Other
incidents include unauthorized entry, in 17 percent of cases; denial of
service attacks, 13 percent of cases; manipulated systems programs, noted by
5 percent of companies; manipulated software applications by five percent
and wireless application intrusion by two percent.

- Attacks caused 24 percent of companies to suffer network downtime, whereas
in 12 percent of cases, business applications were affected. Other effects
included: financial losses (10 percent), deleted internal records (7
percent), lost customer records (4 percent), intellectual property theft (2
percent), identity theft (2 percent) and fraud (1 percent).

- 83 percent of affected companies acknowledge having suffered economic
losses due to attacks. 5 percent describe these losses as high, whereas
another 5 percent consider them moderate, and 73 percent define them as
low.

The PricewaterhouseCoopers report points out that many surveyed companies
could have their security compromised if they do not increase security
investments. Although most CEOs interviewed admit the importance of computer
security for their businesses, only 15 percent have plans to increase their
security budget, whereas 2 percent of them intend to reduce it.

(*) Further information at:
http://www.pwc.com/extweb/ncpressrelease.nsf/DocID/031752489FF7C5C885256DE50
070644C

NOTE: The address above may not show up on your screen as a single line.
This would prevent you from using the link to access the web page. If this
happens, just use the 'cut' and 'paste' options to join the pieces of the
URL.
Posted on Thursday, 27 November 2003 @ 05:48:04 UTC by phoenix22 (658 reads)
[ Trackback ]
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