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BizReport : Internet : February 25, 2010

Symantec survey finds 100% of businesses hit by a cyber loss in 2009

Norton Anti-virus developer, Symantec, found that 100% of the businesses they surveyed regarding Internet security had been hit by a cyber loss last year - that's right, every single one.

by Helen Leggatt

symantec logo.jpgSymantec's survey, conducted in January this year, included 2,100 businesses and government agencies from 27 countries. Astoundingly, every one of those businesses had suffered a cyber loss in the preceding 12 months, which could have been anything from theft of customer credit card/financial data to theft of intellectual property.

For 92% of respondents the cyber theft led to significant costs due to loss of customer trust, falling employee productivity and decreased revenues.

The survey also discovered that three-quarters of the businesses had experienced some form of cyber attack in 2009, of which 41% were "somewhat/highly effective".

According to an IT project manager at a mid-sized federal agency, "You can sit and watch our monitors and see people try to attack us." A MIS director at a mid-size enterprise found the situation "beyond crazy" as he described seeing new viruses, spyware and backdoors every day.

However, most companies appear to be taking the situation seriously. Forty-two percent of companies ranked cyber security as a top priority, ranking it over traditional criminal activity (17%), brand-related issues (17%), natural disasters (14%) and terrorism (10%).

2010 will see nearly all (94%) of businesses make changes to their cyber security efforts, found the "State of Enterprise Security" report (.pdf), with nearly half (48%) intending those changes to be major.

Tags: cyber attack, cyber security, Internet security

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