U.S. Cybercrime Survey Lists Phishing in Top Incidents List

cybercrimeA just published report called “US cybercrime: Rising risks, reduced readiness” summarizes the findings from the 12th annual U.S. State of Cybercrime Survey sponsored by PwC, CSO magazine, the CERT division of Software Engineering Institute at Carnegie Melon University and  the United States Secret Service.


PWC survey coverSome key findings that caught my eye were:

1. 69% of US respondents reported they were worried about the impact of cyber threats to their growth prospects

2. The most frequent types of incidents comprise a greatest hits list of cybercrime: malware, phishing, network interruption, spyware, and denial of service attacks.

3. This year, banking and finance respondents spent as much as $2,500 per employee (median) on cybersecurity, while retail and consumer products businesses invested up to $400 per employee (median) and education respondents invested a maximum of $200 per employee (median).

4. An interesting chart that shows the damage caused and methods used:

PWC survey

The war on cybercrime continues to escalate with the criminals getting smarter and companies having to invest more in technology and people to thwart them. It’s a cat and mouse game and according to the report the mice are winning.