Cyber crime menace may become 2nd biggest reason behind frauds

Feb 23 2014, 17:48 IST
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Cyber crime menace may become 2nd biggest reason behind frauds Cyber crime menace may become 2nd biggest reason behind frauds
SummaryAbout 48 per cent of the respondents said the risk of cyber crime had increased, up from 39 per cent in 2011.

their digital footprint, it's clear that with more data accessible on more platforms, valuable data will remain under attack, and that the cost of security breaches will continue to be steep, it said.

"Ultimately, cyber crime is not strictly speaking a technology problem. It is a strategy problem, a human problem and a process problem. After all, organisations are not being attacked by computers, but by people attempting to exploit human frailty as much as technical vulnerability," it said.

This is a problem which requires a response that is grounded in strategy and judgement about business process, access, authority, delegation, supervision and awareness—not merely tools and technologies, it added.

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