Data losses equal $1 trillion

Share this article:
The economic crisis is poised to create a global meltdown in vital information. That conclusion, presented at the World Economic Forum in Switzerland, is drawn from a survey commissioned by McAfee. Increased pressures to reduce spending and looming layoffs have led to porous defenses and increased motivation for crime, the company said. McAfee projected that data loss among companies reached more than $1 trillion last year. -- CAM
Share this article:

Sign up to our newsletters

More in News

IT manager fired following massive Maricopa college district breach

Miguel Corzo, the IT manager who was fired on Tuesday, claims Maricopa County Community College District is making him into a scapegoat.

Facebook scam leads victims to Nuclear exploit kit

Researchers at Symantec say attackers are becoming more aggressive and using Facebook scams to exploit users' computers.

eBay faces class-action suit over breach

eBay faces class-action suit over breach

A suit filed in a federal court in Louisiana charges the company with failing to protect personal information and seeks damages on multiple counts.