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

Final Defendant Sentenced in GirlsDoPorn Case

Former adult producer Doug Wiederhold, previously a business partner of GirlsDoPorn owner Michael Pratt, was sentenced on Friday in federal court to four years in prison for conspiracy to commit sex trafficking.

FTC Takes Another Step Toward New 'Click to Cancel' Rule

The Federal Trade Commission (FTC) is negotiating the latest procedural hurdle in its effort to renew rulemaking concerning negative option plans, after a federal court previously vacated a “click-to-cancel” rule aimed at making it easier for consumers to cancel online subscriptions.

Pineapple Support, Brazzers to Host 'Navigating Relationships' Support Group

Pineapple Support and Brazzers are hosting a free online support group for performers to build and maintain healthy relationships.

Aylo, SWOP Behind Bars to Host 'Deplatforming' Community Panel

Aylo and Sex Workers Outreach Project (SWOP) Behind Bars will host a panel on creators’ rights and deplatforming on Feb. 10 at 3 p.m. (EST).

Adult Trade Group Pearl Industry Network to Debut at Taboo Vancouver

Pearl Industry Network (PiN), a new trade group for the adult industry focused on content creators, will debut at Taboo Vancouver adult lifestyle and wellness expo next week.

New Creator Platform 'OnlyPhones' Launches

OnlyPhones, a new phone-based creator platform, has officially launched.

AEBN Reveals Ariel Demure as Top Trans Star for Q4 of 2025

AEBN has published its top trans stars list for the fourth quarter of 2025, with reigning XMAs Trans Performer of the Year Ariel Demure landing atop the leaderboard.

Rebel Lynn Launches 'PoleVixens' Through Paysite.com

Rebel Lynn has launched her new pole dancing-themed membership site, PoleVixens, through Paysite.com.

Pineapple Support Taps Athena Bellamy as Brand Ambassador

Pineapple Support has named Athena Bellamy as its newest brand ambassador.

AV Bulletin: Health Warnings, VPNs and Exemptions

Since the Supreme Court’s decision in Free Speech Coalition v. Paxton, more state age verification laws have been introduced around the United States, as well as 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.

Show More