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Limiting Computer Crime Losses With Cyberinsurance

Estimates of the amount of damage to U.S. businesses caused by computer crime vary greatly, but there is no doubt that corporate America's increased reliance on information technology has led in recent years to a dramatic increase in such losses. <br>A 2003 study by the Computer Security Institute and the FBI found that 90% of respondents had suffered breaches of their computer system within the past year. Reports of specific instances of computer crime also suggest that the risk of damage to computer systems is real and growing.<br>Despite these real and substantial risks, many companies are not doing enough to protect themselves.

26 minute readJune 29, 2004 at 08:48 AM
By
Peter J. Toren
Limiting Computer Crime Losses With Cyberinsurance

Estimates of the amount of damage to U.S. businesses caused by computer crime vary greatly, but there is no doubt that corporate America's increased reliance on information technology has led in recent years to a dramatic increase in such losses.

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