[iwar] Cybercrime Hits Two-Thirds of British Firms

From: Fred Cohen (fc@all.net)
Date: 2001-08-29 19:30:20


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Date: Wed, 29 Aug 2001 19:30:20 -0700 (PDT)
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Subject: [iwar] Cybercrime Hits Two-Thirds of British Firms
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Cybercrime Hits Two-Thirds of British Firms

Reuters, 8/29/2001
http://dailynews.yahoo.com/h/nm/20010829/tc/britain_cybercrime_dc_1.html

E-business enthusiasm is wobbling within British firms, with two-thirds
falling victim to cybercrime in the past year, a survey by the
Confederation of British Industry (CBI) showed on Wednesday.

Hacking, viruses and credit card fraud are some of the more common
offences suffered by the 148 companies in the survey. And even though 69
percent said the financial loss was negligible, they fear their
reputations could be tarnished.

The CBI data showed 53 percent of businesses felt safe trading online
with other businesses, but confidence dropped to 32 percent when it came
to dealing with consumers via the web.

``This survey clearly shows that fears about potential financial losses
and damage to reputation from cybercrime are stalling the growth of
e-business, especially for business-to-consumer transactions,'' Digby
Jones, CBI director general, said in a statement.

He urged the government to set up a national center for online crime,
modeled along the lines of the Internet Fraud Complaint Center in the
United States, to combat the changing cybercriminal profile.

Once most internet fraud was committed by someone inside the company but
now external hackers pose the biggest threat, accounting for 45 percent
of attacks. Former employees and professional criminals each make up 13
percent, with current employees accounting for 11 percent.

The CBI also wants Prime Minister Tony Blair (news - web sites) to
extend the Computer Misuse Act of 1990 to cover attacks that bring
entire computer systems to their knees. But Jones said businesses could
not be complacent and should minimize their exposure to would-be
cybercriminals.

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