Companies May Be Forced To Pay Twice For Cyber Crimes

According to analysts, if preventive measures aren't taken soon, then companies and conglomerates might have to cope with lawsuits from clients, shareholders, and other people; and be compelled to compensate twice the amount.

Almost everyday there're fresher and larger stories about ways in which a corporation gets exploited by hackers, and identity theft is carried on. During several instances, bankcard details, social security numbers, banking details, and other very classified details has been robbed from organizations entrusted with its security by clients.

Have only the companies been invaded? Or, did the security firm's anti-virus or security systems that were expected to safeguard the company from being attacked, simply fail?

"The distressing fact is that several of these firms that have been infiltrated could have forestalled it," avers Ryan Sherstobitoff, Panda Software's Internet security expert, describes PR-inside.com in its April 16, 2007 edition. "The significant point to realize is that these firms were employing what they believed to be the finest defense. Regrettably, they discovered that in the most difficult circumstances possible the security systems that they had purchased had failed to give adequate security."

Sherstobitoff explains that a portion of the problem is that the entire dynamics of Web incursions has transformed drastically over the past few years. Presently, illegal income and profits are the main hallmark of cyber-terrorists' ill repute.

In fact the increasing numbers of cyber hackings in the past few months has strained the assets of the antivirus firms to the utmost. Guesstimates differ, but professionals believe, that cyber-terrorists alone conveyed around 100,000 Web infiltrations over the last one-year. This figure symbolizes greater incursions in the previous year, than the total number of hits compounded in the last one and a half decade.

However bulk of hits isn't the sole trouble. These violations have altered in character as well. Nowadays, hackers are tightlipped and reserved. They wish users to be oblivious of their existence on the system. The objective is to bypass the network's security measures, and next install themselves on the computer where it's tough to locate them. Some infiltrators continually keep morphing so as to evade detection.

Related article: Companies Should Report Cybercrime

» SPAMfighter News - 4/21/2007