17. How money was lost 2002 CSI/FBI Computer Crime and Security Survey Nota : Average Losses per ocurrence . Financial Fraud Theft of proprietary information System penetration by an outsider Unauthorized insider access Sabotage of data networks $6.5 M + $4.6 M + $541,000 $300,000 $226,000
The risks to engaging in E-Commerce are similar to that of any Web site, or even internal systems, except that the impact of a security issue can have a much greater effect on your organization. “ E-Commerce sites experienced three times the number of incidents involving information loss/theft of data and revenue loss was seven time more likely than a simple Web environment. (PriceWaterhouseCoopers information security survey.) These issues are magnified in an E-Commerce environment due to actual costs, as well as a “multiplier effect” of the breach due to loss of trust. Online users rank security as their number one concern around E-Commerce, with 60% responding that this is the largest concern. (Yankelovich Partners 1998 Survey.) “ You know stalling an engine on an airplane can have much more serious consequences that an engine stall in your family car.”
The reports are frightening: web sites are paralyzed for entire business days, unauthorized network penetration, lost information. Hacking is on the rise from pranksters, competitors, and insiders, alike. And, of course, there’s a cost associated with those break-ins. The cost of lost information can be as high as $1.8 million. The U.S. based FBI estimates that electronic crime costs US companies $10B a year. And the consequential damage is often difficult to estimate-what is the price of an employee list given to recruiter, someone steals product plans, confidential information is altered. Security has rapidly escalated to a top priority as organizations become more networked to achieve their goals.
If you have any questions about Security I would be happy to entertain them now or afterwards during the break. Thank you all for your attention. Good Day.
