FBI pegs computer crime spree at $67.2 billion

FBI pegs computer crime spree at $67.2 billion

Summary: The FBI pegs the cost of cyberattacks at $67.2 billion a year.

SHARE:
TOPICS: Government US
6

The FBI pegs the cost of cyberattacks at $67.2 billion a year. Through some extrapolation from survey results, the FBI calculated that 2.8 million U.S. organizations were hit with at least one computer security problem, costing  $24,000 per incident. Looks like it's going to be another good year for companies in the security business. Here's more on the report from ZDNet and the actual report.  Below are the key findings from the report:

• There are a variety of computer security technologies that organizations are increasingly investing in to combat the relentless, evolving, sophisticated threats, both internal and external. Despite these efforts, well over 5,000 computer security incidents were reported with 87% of respondents experiencing some type of incident.
• In many of the responding organizations, a common theme of frustration existed with the nonstop barrage of viruses, Trojans, worms, and spyware.
• Although the usage of antivirus, antispyware, firewalls, and antispam software is almost universal among the survey respondents, many computer security threats came from within the organizations.
• Of the intrusion attempts that appeared to have come from outside the organizations, the most common countries of origin appeared to be United States, China, Nigeria, Korea, Germany, Russia, and Romania.
• An overwhelming 91% of organizations that reported computer security incidents to law enforcement were satisfied with the response of law enforcement.
• Almost 90% of respondents were not familiar with the InfraGard organization that is a joint effort by the FBI and industry to educate and share information related to threats to U.S. infrastructure.
• The survey respondents were very interested in being better informed on how to prevent computer crimes. Over 75% of respondents voiced a desire to attend an informational session hosted by their local FBI office.

Security technologies used by organization survey (2005 FBI Computer Crime Survey)

fbistats2.jpg

Topic: Government US

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

6 comments
Log in or register to join the discussion
  • Whither "trusted cpmputing?"

    Why are these companies not using the latest, best technologies for security? If so many firms are using and spending so much on all these other methods and they're not working, obviously, why aren't they using other available methods?
    ordaj9
  • Whither "trusted computing?"

    Why are these companies not using the latest, best technologies for security? If so many firms are using and spending so much on all these other methods and they're not working, obviously, why aren't they using other available methods?
    ordaj9
  • The sky is falling so reported Chicken Little @FBI headquarters

    The extrapolated number of 67 Billion from computer fraud, add another 1 billion from telecommunication fraud and another 52.6 Billion in identity fraud. That?s 120.6 Billion in fraud and you don?t hear of anything in the papers or anyone being indited. Don?t you wonder WHY with this entire SO called FRAUD hasn?t anything been reported anywhere? Where is all this money going? These number all sound like FUD to me??????? Do you realize that the numbers they?re quoting us are the same as it cost us to run two MORE years of our war in Iraq? ?????????.. I tell you the numbers are BS ???????? . You have to wonder why the FBI is preaching fear?

    Think about these number and tell me what you think ????????the average cost per company was more than $24,000, with the total cost reaching $32 million for those surveyed. To me these reported numbers from the survey are companies looking to set themselves up for a huge Tax deduction.

    If the fraud problems are anywhere near what they?re trying to make us believe I think we should send ALL the bills to the inventor of Windows in Redmond Wa????..

    A better idea is just switch over to Linux.
    Can you hear me
  • FBI is on crack

    Give me a BREAK.

    Every security incident costs $24K USD? Who can take this kind of extrapolation seriously. Sounds to me like the FBI is trying to make a strawman they can knock down at budget time.
    jayaaa2
  • Cost of Identity Theft is separate...

    According to the article: "By comparison, telecommunication fraud losses are about only $1 billion a year, according to the U.S. Secret Service. Also, the overall cost to Americans of identity fraud reached $52.6 billion in 2004, according to Javelin Strategy & Research."

    To be fair, Windows is not the only vector the bad guys use to steal someone's identity - but I would hazard a guess that it is a large percentage. Any percentage of 52.6 Billion is a lot of money...

    When is the security revolution that is supposedly happening in Redmond going to change the insecure manner in which Windows is designed? Probably not until MS is footing the clean-up bill. Then we'll see how much backward-compatibility is worth!
    Spikey_Mike
  • nigeria scam

    Hi I have a similar story on these scams, where they want to give you money!, I have had two different ones in my e-mail this week alone. One claiming that a decendent of mine has passed away and his account is worth 6 million!, and its at the bank of nigeria, where half can be mine if i supply them with my personal information. He even sent me his bank card {in email} in whitch the last names did not even match. The other one where they want to give 3 million dollars for the purpose of his retirement.They make it very complex, i guess hoping that you will get sucked into their plan. I have all of their e-mails in case the fbi or someone wants proof of what they are trying to do.
    advenger