McAfee Report - Businesses risk losing over $1 trillion from loss or theft of data and other cybercrime

A report released today (January 29, 2008) and sponsored by McAfee warns of the risks that the global recession pose to intellectual property and security: businesses risk losing over $1 trillion from loss or theft of data and other cybercrime.

Here are highlights of the research, conducted by Purdue University’s Center for Education and Research in Information Assurance and Security (CERIAS):

• Recession puts intellectual property at risk
• Commitment to protecting vital information varies
• Intellectual property is now an international currency
  "Cybercriminals are increasingly targeting executives using sophisticated phishing techniques"
• Employees steal intellectual property for financial gain and competitive advantage
• Geographic threats to intellectual property

[Editor's note: the sponsor of this report is McAfee which has a definite stake in cybercrime fighting tools and services]

Src: McAfee