The Cost of Bad Computer Security And The Effects It Has By: Steve Baker.

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Presentation transcript:

The Cost of Bad Computer Security And The Effects It Has By: Steve Baker

The Digital Revolution 1990’s Business owners to go online Governments go online The term e-commerce is coined Network security is trying to catch up

The Insecurity

The Cost of Insecurity

Cost of Insecurity Dollar Losses Annual cost of computer crime Theft of proprietary information $151.2M $170.8M $70.2M System penetration by outsider $19.1M $13.1M $2.8M Denial-of-service attacks $4.3M $18.4M $65.6M

The Number of Successful Attacks from an Outsider

The Number of Successful Attacks from an Insider

Actions Being taken to Secure Business Networks

Increased Security Pays off Losses from intellectual-property theft plummeted from $170.8 million in 2001 to $70.2 million in 2002 Over all dollor loss is down for $201,797,340 (2003) to $141,496,560(2004). From about 500 companies surveyed.

Identity theft on the Raise Average loss contributed to identity theft $51,000 in 2003 Average loss contributed to identity theft to $300,000 in 2004

Example of Identity Theft English teach at a California junior college uses her Student’s social security numbers that are provided on the class roster to open fraudulent credit card accounts.

Example of Identity Theft A California man who has been out of the country for 4 years wants to sell his house. When he contacts a realtor he is informed that his house I being rented out and the thief has received loans on that property. The thief has also acquired huge amounts of financial burden on the victims name.

Preventing Identity Theft Shred credit card and loan applications and documents containing SSNs. Accessing your credit report fraudulently Watch out for "Shoulder surfing" at ATM machines Do not use debit cards when shopping online. Use a credit card because you are better protected in case of fraud

Bibliography McMillan, Robert. Cost of Computer Attacks Down. PC World. Date of Access 4/19/2006 Hatcher, Thurston. Survey: Costs of computer security breaches soar. CNN. Date of Access 4/19/2006 Hulme, George. When Security Helps Stem Business Losses. Date of Access 4/19/2006 Computer Security Institute CSI/FBI Computer Crime and Security Survey. Date of Access 4/19/2006 Baase, Sara. A Gift of Fire Second Edition. Prentice Hall, 2003 Identity Theft Victims' Stories. Date of Access 4/20/2006

The End