The August 2009 edition of Australian Risk Management Magazine (Lexis Nexis) reported the following security risk statistics that make the hair on the back of the neck stand up of any IT Manager in sports, venues, events or entertainment.
- In the US organisations lost 7% of their annual revenue to fraud committed by their own employees
- On-line criminals engaging in malware or rogeware can earn up to AUS$12,000/ day
- Cyber crime is costing Australian businesses more than AUS$600 million per year
IT security is an important feature of every business's Enterprise-wide risk management program.