Companies value reputation above reporting of cybercrime; Companies are still failing to teach staff about security policies, finds Defcom survey.

0 Comments | M2 Presswire, March, 2003

M2 PRESSWIRE-27 March 2003-Defcom Information Security Ltd: Companies value reputation above reporting of cybercrime; Companies are still failing to teach staff about security policies, finds Defcom survey(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:03272003 Fear of damage to corporate reputation has prevented over two-thirds (67) of organisations from reporting incidences of cybercrime to relevant authorities in 2002, according to a new survey by information security services provider, Defcom.

Companies frightened of damaging their corporate image are disguising the true extent of cybercrime, according to the survey carried out in December 2002. This latest survey appears to contradict the assertion by detective chief superintendent Len Hynds, head of the...