PwC Researchers Warn of Increase in Cyber Attacks

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According to PwC's 2011 Global Economic Economic Crime Survey, almost half of all businesses surveyed reported being hit by some type of fraud in the past year.

"The security breaches haven't been cheap for businesses, either," writes SecurityNewsDaily's Chad Brooks. "The number of businesses reporting frauds that cost them more than $100,000 increased substantially, to 54 percent, with 10 percent reporting fraud had cost their organization more than $5 million."

"'The costs associated with economic crime pose a serious threat to an organization's bottom line,' said Chris Barbee, leader of PwC's global forensic services practice," Brooks writes.

Go to "Cyber Attacks Occurring More Frequently, Costing Companies More" to read the details.

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