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FBI Says Computer Crime Costs Billions Every Year
JamesAlfaro wrote to mention a C|Net article putting a pricetag on computer crime. From the article: "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. "
Why has this been modded redundent?
Putting a price tag on computer crime is as about as useful as that sort of statement. How about companies that don't disclose losses because they fear it damages their reputation? How about companies that exagerate losses to get more money from insurance companies? The values are pretty meaningless. Stupidly large amounts of unquantifiable things can be linked to being computer crime related, for example slanderous comments made via email destroying reputations of a business, is it a computer crime?
Warning, comments may not have been passed by the sanity department of my brain.