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Computer crime costs $67 billion, FBI says |
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Source: CNET News - Posted by Pax Dickinson
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Dealing with viruses, spyware, PC theft and other computer-related crimes costs U.S. businesses a staggering $67.2 billion a year, according to the FBI.
The FBI calculated the price tag by extrapolating results from a survey of 2,066 organizations. The survey, released Thursday, found that 1,324 respondents, or 64 percent, suffered a financial loss from computer security incidents over a 12-month period.
The average cost per company was more than $24,000, with the total cost reaching $32 million for those surveyed.
Often survey results can be skewed, because poll respondents are more likely to answer when they have experienced a problem. So, when extrapolating the survey results to estimate the national cost, the FBI reduced the estimated number of affected organizations from 64 percent to a more conservative 20 percent.
"This would be 2.8 million U.S. organizations experiencing at least one computer security incident," according to the 2005 FBI Computer Crime Survey. "With each of these 2.8 million organizations incurring a $24,000 average loss, this would total $67.2 billion per year."
Read this full article at CNET News
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