Computer Crime Research Center


Computer crime targets banks

Date: June 02, 2004
Source: Computer Crime Research Center
By: Timofey Saytarly

Banks and insurance companies are exposed to numerous cyber attacks.

Last year information systems of 80% world financial institutions, a report says. Cyber attacks are being reinforced to target IT systems of banks and insurance companies.

According to a survey completed by Deloitte Touche Tohmatsu, almost 83% of interrogated said their systems were hacked last year (39% in 2003). Almost 40% of hacked companies bore monetary losses.

The study was based on interviews with security chief officers of 100 world leading financial companies. In spite of the growing danger of cyber attack, computer crime, not all companies in the list are going to raise security budget. About 5% interrogated said their security budgets would remain the same, 10% said their budgets were reduced as compared to the previous year.

The share of the companies that apply antivirus software to a full extent reduced from 96% to 87%. One-third of interrogated regarded the use of protection technologies in their companies to be ineffective.

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