Companies failing to tackle internal cyber crime

More
than half of companies in the UK suffered cyber crime in 2003, with the main
perpetrators being companies’ own staff.

Research
by IT security company Cyber Protect found senior managers were the most
‘hacker-happy’, outstripping junior and temporary staff due to their ability to
access confidential matters, such as payroll and sales list details.

The
survey found that the majority of UK companies spent only 1 per cent of their
IT budget on security in 2003, despite organisations fearing an increase in
cyber crime in 2004.

Recommendations
by the Department of Trade and Industry state that companies should spend an
average of 3-5 per cent of their IT budget on security, rising to 10 per cent
in high risk situations.

By Michael Millar

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