Study: Electronic theft surpasses physical theft | Security – CNET News

Study: Electronic theft surpasses physical theft | Security – CNET News.

Kroll just released its fourth annual worldwide fraud survey. For the first time “Information theft, loss, or attack” surpasses “Theft of physical assets or stock,” 27.3% to 27.2% respectively. In addition overall fraud increased by 20%.

What accounts for this dramatic increase?

The fast pace at which technology changes poses a huge challenge in combatting electronic theft–28 percent of the companies polled said this is the one factor that raises their vulnerability to fraud. But still, only 48 percent said they plan to spend more money on IT security over the next year, down from 51 percent last year.
Here is the link to the complete Kroll Global Fraud Report.