Online Criminals Costing $666 Million – Survey

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.

Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

SWR Data Publishes 'Clip Trend' Report

Adult industry market research outfit SWR Data has published a report on the performance of clip platforms and sales.

Another German Court Rejects Blocking Orders Against Pornhub, YouPorn

A German court has blocked the Rhineland-Palatinate Media Authority (MA RLP) from forcing telecom providers based within the court’s jurisdiction to cut off access to Aylo-owned adult sites Pornhub and YouPorn.

Ofcom Fines Kick Online Entertainment $1 Million for AV Noncompliance

U.K. media regulator Ofcom on Thursday fined Kick Online Entertainment 800,000 pounds (more than $1 million) for failing to implement age checks as required for compliance with the Online Safety Act.

FSC Details Legislative Outlook for 2026

The Free Speech Coalition (FSC) has laid out the legislative outlook for the industry in 2026.

AEBN Publishes Popular Searches by Country for December, January

AEBN has released the list of popular searches from its straight and gay theaters, by country, for December and January.

Jim Austin Joins CrakRevenue Team

Online industry veteran and business strategist Jim Austin has been hired by CrakRevenue.

Judge Dismisses NCOSE-Backed Suits Against Adult Sites Over Kansas AV Law

A federal judge on Tuesday dismissed lawsuits brought against two adult websites in Kansas for alleged violations of the state’s age verification law.

Aylo/SWOP Panel Spotlights Creators' Struggle for Digital, Financial Rights

Aylo and Sex Workers Outreach Project (SWOP) Behind Bars presented, on Tuesday, an online panel on creators’ rights, debanking and deplatforming.

AV Bulletin: Canada, Italy, Australia Updates

Since the Supreme Court’s decision in Free Speech Coalition v. Paxton, more state age verification laws have been enacted around the United States, as well as proposed at the federal level and in other countries. This roundup provides an update on the latest news and developments on the age verification front as it impacts the adult industry.

Holly Randall Soft Launches 'Wet Ink' Magazine

Holly Randall has officially soft-launched the creator-focused publication Wet Ink Magazine.

Show More