Urgent Action Required: Enhancing E-Business Security Against Cybercrime

Businesses need to work harder on their e-business security in the wake of a report saying two-thirds have been attacked in some way. Company boards should do more to improve e-business security, as digital crime is deterring many firms from selling goods and services over the Internet, according to a recent report.. . . Businesses need to work harder on their e-business security in the wake of a report saying two-thirds have been attacked in some way. Company boards should do more to improve e-business security, as digital crime is deterring many firms from selling goods and services over the Internet, according to a recent report.

The CBI and Institute of Chartered Accountants of England and Wales (ICAEW) Fraud Advisory Panel's Cybercrime Survey 2001 report shows two-thirds of firms have suffered a serious incident such as hacking, virus attacks or credit card fraud. It notes that negative publicity rather than direct financial loss harms businesses the most.

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