[ISN] Hacker losses rocket

From: InfoSec News (isnat_private)
Date: Tue May 21 2002 - 02:30:58 PDT

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    AUSTRALIA has a higher level of computer crime than the US, with
    losses of almost $5.8 million over the past year.
    More than 67 per cent of companies and organisations polled in the
    2002 Australian Computer Crime and Security Survey reported being
    attacked - twice the 1999 level and 7 per cent higher than the US.
    Further, 35 per cent of the 300 companies and groups asked have been
    hit six or more times.
    The study, the only one of its kind in the country, is a snapshot of
    Australian computer crime and security trends.
    It found the areas of greatest financial impact were data or network
    sabotage, virus infection, computer fraud and theft of laptop
    The survey showed:
    FORTY-THREE per cent of Australian organisations were prepared to hire
    ex-computer hackers to deal with security issues -- three times the US
    THE most cited barriers to improving security were changing user
    attitudes (60 per cent), followed by management of software upgrades
    and software bug patches.
    MORE than 70 per cent of Australian organisations have increased the
    amount of money spent on information security over the past year, in
    response to growing concerns or incidents.
    The report was an effort by the NSW Police, AusCERT (Australian
    Computer Emergency Response Team) and Deloitte Touche Tohmatsu.
    Deloitte IT Security Consulting head Dean Kingsley said the survey
    showed the number of computer security breaches was not only growing
    rapidly, but the source and nature of the attacks were changing.
    For the first time, external security breaches have been identified as
    the greatest risk to companies, thanks largely to the rise in
    electronic commerce and computer networking between businesses.
    "Also alarming is the rapid increase in financial loss experienced,"  
    Mr Kingsley said.
    "Although organisations find it difficult to estimate the broader
    financial losses associated with computer security incidents, it is
    clear computer crime is no longer just nuisance value, but a serious
    threat to customer relationships and ultimately bottom line
    AusCERT general manager Graham Ingram said numbers of organisations
    with computer security problems seeking advice on how to respond was
    "Organisations are struggling to deal with what are critical and
    complex issues in an environment which is rapidly changing," Mr Ingram
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