Identity thieves place credit ratings at risk
✍ Scribed by Helen Meyer
- Publisher
- Elsevier Science
- Year
- 1997
- Tongue
- English
- Weight
- 98 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0167-4048
No coin nor oath required. For personal study only.
✦ Synopsis
Confessing to the FBI, Kelly Jackson Higgins. The 1997 Computer Crime and Security Survey found that US companies had lost more than $100 million since January and February 1996 from computer crime incidents such as financial fraud, theft of proprietary information and sabotage.
The survey response rate increased three percentage points to 11.5% for this year's survey This rise is attributed to IS managers' increasing willingness to discuss security Overall, three-quarters of the respondents said that they had experienced financial losses from security breaches during 1996. The top threats to company profits came from: unauthorized insider access ( 16%)) theft of proprietary information ( 14%)) financial fraud (12%), sabotage of data networks (11%) and hackers (8%). Most frequently, the breaches occurred through laptop theft (57%) and employee misuse of the Internet (31%). Forty-three percent ofthe respondents reported one to five internal breathers, and 47% external breaches.