Home > News > Online Criminals Costing $666 Million – Survey • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Online Criminals Costing $666 Million – Survey

Online Criminals Costing $666 Million – Survey
Get XBIZ News
May 26, 2004 8:19 AM PDT    Text size: 
FRAMINGHAM, Mass. – Online criminals are costing businesses an estimated $666 million, according to a survey of computer security executives released Tuesday.

In another study, retailers who sell only on the Internet turned a collective profit for the first time last year. The report said U.S. online sales jumped to $114 billion last year, a 51 percent increase from the prior year's sales of $75.7 billion.

The survey on online crime was conducted by CSO magazine, which is read primarily by chief security officers.

The study showed that more than 40 percent of 500 executives polled said hackers have become the greatest cybersecurity threat to business and government networks, compared to 28 percent who feared internal threats such as disgruntled or recently fired employees.

The study, which was conducted in cooperation with the U.S. Secret Service and the CERT cybersecurity center at Carnegie Mellon University in Pittsburgh, also showed that more than 40 percent of the respondents said the number of computer crime incidents increased from 2002 to 2003, compared to 6 percent who said it dropped.

Thirty-six percent of the respondents said that they monitor employees' web use and other activities to prevent internal sabotage and leaks.

“Studies like this show that CEOs and CFOs unwilling to make investments [in cybersecurity] are paying a dangerous game of Russian roulette," Harris Miller, president of the Information Technology Association of America, told XBiz.

Framingham, Mass.-based CSO, which conducted its survey in late April, sent email solicitations to the magazine's subscribers and members of the Electronic Crimes Task Force, run by the Secret Service.

The online retail report from Boston-based Forrester Research Inc. and Shop.org is a closely watched gauge of online shopping because it reflects the online results from 150 U.S. retailers, including closely held companies and large physical retailers who otherwise don't publicly disclose details about their Internet businesses.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

EDUCATIONAL FEATURES

Understanding 'Camming Sociology' Can Enhance Interactions

After working for six years in the live cam industry as a cam model and almost double the amount of time studying — while working simultaneously — how relationships work in cyberspace, I am... More »

Proper Fisting Techniques for Gentle Stimulation

Does the phrase “anal fisting” make your sphincter clench in terror? Does it seem like an urban legend or an extreme party trick? Most people scoff at the idea of trying it because it sounds... More »

Camming Games, Contests Keep Customers Engaged

Last issue, I talked about the importance of changing up the ambience in a cam model room via new décor and small visual tweaks, to keep viewers engaged long-term. This time, I’d like to discuss... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ World magazine, the industry's leading e-commerce trade publication, delivering in-depth coverage of the online, mobile and ancillary digital markets.

UPCOMING EVENTS

XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!