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Incidence Of Cybertheft Surpasses Incidence Of Physical Theft For The First Time, Study Says




Incidence Of Cybertheft Surpasses Incidence Of Physical Theft For The First Time, Study Says
Incidence Of Cybertheft Surpasses Incidence Of Physical Theft For The First Time, Study Says



http://www.darkreading.com/security/attacks/showArticle.jhtml?articleID=227900305 

By Tim Wilson
DarkReading
Oct 19, 2010

Incidence of theft of information and electronic data at global 
companies has overtaken physical theft for the first time, according to 
a study released yesterday.

According to the latest edition of the Kroll Annual Global Fraud Report, 
the amount lost by businesses to fraud rose from $1.4 million to $1.7 
million per $1 billion of sales in the past 12 months -- an increase of 
more than 20 percent.

The findings are the result of a study commissioned by Kroll and 
conducted by the Economist Intelligence Unit, which surveyed more than 
800 senior executives worldwide.

While physical theft of cash, assets, and inventory has been the most 
widespread fraud by a considerable margin in previous Global Fraud 
Reports, this year's findings reveal that theft of information or assets 
was reported by 27.3 percent of companies during the past 12 months -- 
up from 18 percent in 2009. In contrast, reported incidences of theft of 
physical assets or stock declined slightly, from 28 percent in 2009 to 
27.2 percent in 2010.

[...]


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