Computer crime harms British companies by € 3.5 billion

COLLAB distinguished with the APDC / Siemens Innovation Award

British companies were injured by € 3.5 billion last year, according to a police report. The National Hi-Tech Crime Unit found that nine out of ten companies operating in the country will have been penalized for this type of action and that most companies suffered seven virus attacks a day in the year under review.

In this accounting, viruses, theft of confidential information and other fraudulent actions are highlighted, concludes a survey of 200 companies with more than 1,000 employees, cited by BBC News.

The same analysis showed that one in three companies does not have crisis response plans, nor has it ever carried out audits to assess the consequences of an attack or to measure its levels of exposure to that eventuality.

The British police Hi-Tech unit report also highlights areas of computer crime with significant growth, such as the introduction of software unauthorized on PCs or from an external point or even internally, leaving open doors that allow criminals to use company machines without consent. Also noteworthy is the increased sophistication of the techniques used to commit already traditional crimes, such as information theft or fraud.

Police figures estimate that fraud attacks using high-tech methods represented damage of € 908 million in 2004, about half of companies’ total IT budgets.

Related News:

2005-03-10 – Phishing crimes carried out in Portugal increase substantially in 2004

2004-06-01 – Reduced number of complaints makes it difficult to diagnose computer crime in Portugal