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US cyber crime losses tumble

Source: Theregister.co.uk
By John Leyden
Date: May 30, 2003

Stop Cybercrime US financial losses from cyber crime in 2002 were down 56 per cent on 2001, according to the Computer Security Institute's (CSI) eighth annual Computer Crime and Security Survey.
Overall financial losses from 530 survey respondents to the survey this year totalled $202 million, significantly down from 503 respondents reporting $456 million losses last year.

However the number of significant incidents remained roughly the same as last year, despite the drop in costs.
As in prior years, theft of proprietary information caused the greatest financial loss ($70 million was lost, survey participants say, with the average reported loss being approximately $2.7 million).
But in a shift from previous years, the second-most expensive computer crime among survey respondents was denial of service. This caused an estimated loss of $65.6 million - up 250 percent from last year's losses of $18.4 million.
By contrast, losses reported for financial fraud were drastically lower, at $9,171,400, compared to nearly $116 million reported in the survey last year.

Original article: http://www.theregister.co.uk/content/55/30952.html

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