Computer crime is costing firms up to £270,000

Date: June 22, 2006
Source: Computer Crime Research Center


Computer crime is costing firms up to £270,000 an hour but many companies fail to tell the police because they do not want adverse publicity, according to a report.

Cyber crime is one of the fastest growing problems for businesses, but many firms are not aware of how badly they could be hit, risk consultants Protiviti said.

The company said there had been a 66% increase in the number of computer related crime cases it had dealt with in the first three months of the year, compared with the same period in 2005.

Computer crimes included fraudulently mis-stating accounts, defrauding company payroll systems by creating fictitious staff to steal money from the company or creating false certifications.

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