Symantec: Data Thefts Cost Firms $2 Million
A Symantec survey shows that 75 percent of respondents were victims of cyber attacks.
By Kara Reeder
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Symantec research shows that data thefts cost companies an average of $2 million each last year. According to Bloomberg, a suvery of IT executives showed that 75 percent of respondents were victims of cyber attacks last year with most intrusions aimed at stealing a company's intellectual property.
This article was originally published on Feb 22, 2010
Symantec says protecting data has become more difficult because companies trimmed security staff during the recession. Meanwhile, hackers have become more skillful and specialized, notes Symamtec's Maureen Kelly:
While hackers are still looking for customer data, like credit card information, they are now going more for industrial espionage and counterfeiting. They are also more specialized -- with one person to break in, another to get the data, a third to install the software to steal information, and a fourth to encrypt it and distribute it.
