Why the bean counters are wrong

In 2009, according to a global security study by Symantec earlier this year, some 75 percent of organisations had experienced a ‘cyber attack’ of some sort. If you think that is a little surprising, not to mention downright concerning, wait until you read this bit: the report also reckoned that 100 percent of enterprises had suffered a ‘cyber loss’ last year. OK, the definition of cyber loss is pretty broad, but nonetheless when you are looking at theft of IP, credit card data theft and personally identifiable customer data losses (and those were the top three in the report) which turn into bottom line financial losses some 92 percent of the time, then it’s more than a little worrying don’t you think?