Study: Electronic theft surpasses physical theft

Corrine · 20 Oct 2010

For the first time ever, more companies are suffering from electronic theft than from physical theft, according to the results of a poll released yesterday by risk consultancy Kroll.

The firm's fourth "Annual Global Fraud Report" (PDF) found that the amount of money lost by businesses to all kinds of fraud rose over the past 12 months to $1.7 million per billion dollars of sales from $1.4 million, a gain of more than 20 percent.

And with that overall increase came a notable shift, with electronic theft just edging out physical theft. The theft of information or electronic assets was reported by 27.3 percent of companies over the past 12 months, up from 18 percent in 2009. The theft of physical assets inched down to 27.2 percent from 28 percent last year.

(Credit: Kroll)

Complete story at Study: Electronic theft surpasses physical theft | Security - CNET News

Barman58 · 20 Oct 2010

Interestingly our government has recently stated that they are concerned as much about cyber attack against the UK as with Conventional terror attacks, which is a worry as our government departments are not known for cyber security, with all the data leaks recently