Cybercrime is on the rise

What type of cyberattack hurts companies most? Check out the latest statistics on cybercrime and its financial impact on the enterprise.

Security is on the minds of just about everyone in the IT world—and for good reason. A recent survey shows the tremendous impact cybercrime is having on companies in the U.S.
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The Computer Security Institute (CSI) polled 643 computer security professionals. For the past five years, the CSI—in conjunction with the FBI—has published the results of such surveys in a report called Computer Security Issues and Trends. The survey identified 12 types of cybercrimes. The report summary on CSI’s Web site includes the following conclusions:
  • Ninety percent of the respondents found computer breaches in the last 12 months.
  • Seventy-four percent of respondents acknowledged a financial loss.
  • Of those who could calculate losses, damages totaled more than $250,000,000 among respondents.

From 1998 to 2000, there has been a $129 million increase in estimated reported losses due to cybercrime. With that statistic on the rise, it’s easy to understand why sales of security software and hardware have also jumped, as shown in the graph below.

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