Losses News, Articles and Updates

From cyber-crime to human error: The rise of software failures

Phil Codd says software failures caused US$ 1.1 tn losses to businesses in 2016, demonstrating that it is time to pay attention to the main causes of IT system failures or risk financial loss and reputational damage.

Kids - the weakest link in computer security says Kaspersky Lab and B2B International

Children are the weakest link in internet security with one in five parents losing money or information due to their children according to new research

UK cyber crime losses halved

According to the latest figures in the Norton Report 2013 from Symantec, cybercrime losses in the UK have fallen by 54 per cent between 2012 and 2013, from £1.8 billion to £826 million per year, and the average loss per victim is down 30 per cent from £144 in 2012 to £101 in 2013 - with no clear-cut explanation for the colossal scale of this fall, given that the international trend for cybercrime continues to be upward.