Monday, February 22, 2010

Data Thefts Cost Firms $2 Million Each a Year, Symantec Says

Feb. 22 (Bloomberg) -- The theft of trade secrets and customer information cost companies an average of $2 million each last year, according to research conducted by security software maker Symantec Corp.

In a survey of 2,100 information-technology executives worldwide, 75 percent of respondents reported cyber attacks last year. Most intrusions were aimed at stealing a company’s intellectual property, such as product designs, according to the study released today.

“We can expect to see companies going out of business because their intellectual property is stolen,” Maureen Kelly, a senior director of product marketing, said in an interview. “For some, this is a matter of life or death.”


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