Online fraud on the up in America

News by Fiona Raisbeck

Study shows sharp rise in computer crime losses at US businesses in 2007.

Study shows sharp rise in computer crime losses at US businesses in 2007.

First details from an annual survey by the Computer Security Institute reveal the average annual loss for a US business has risen to $350,424 (£172,743) – double the $168,000 (£82,800) reported in 2006.

The study also reveals that almost a fifth (18 per cent) of those that had suffered a security breach had experienced a targeted attack.

For the first time financial fraud has overtaken viruses as the biggest cause of monetary loss.

The full findings of the study are released tomorrow.



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