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Sarbanes-Oxley Compliance Cost Estimates Soar 62% Since January ‘04
Complying with Section 404 of The Sarbanes-Oxley Act will cost public companies an average 62% more than previously anticipated, according to a July 2004 FEI survey. The increase in Section 404 compliance costs stems from a 109% rise in internal costs, a 42% jump in external costs and a 40% increase in the fees charged by external auditors.
http://www.fei.org/news/404_july.cfm
Is There A Business Case for Security?
Security spending is one of the top five IT priorities for 2004, with spending expected to increase 15 - 20 percent this year. But even with companies devoting a larger portion of the IT budget to security initiatives, security officers are still demanding more money to stave off increasing risks.
http://www.alinean.com/Newsletters/2004-3-March.asp#FEATURE
Illicit Cyber Activity in the Banking and Finance Sector
These incidents were all committed by “insiders”: individuals who were, or previously had been, authorized to use the information systems they eventually employed to perpetrate harm. Efforts to estimate how often companies face attacks from within are difficult to make. Many believe that insider attacks are under-reported to law enforcement agencies or prosecutors. Companies may fear the negative publicity or increased liability that may arise as a result of the incidents. Or, they may believe that the harm suffered would not be sufficient to warrant criminal charges.
http://www.secretservice.gov/ntac/its_report_040820.pdf
2004 CSI/FBI Computer Crime and Security Survey
The percentage of organizations reporting computer intrusions to law enforcement over the last year is on the decline. The key reason cited for not reporting intrusions to law enforcement is the concern for negative publicity.
Please note that you will be required to register to receive a free version of this report.
http://www.gocsi.com/forms/fbi/pdf.jhtml
2003 Federal Computer Security Report Card
For too long now information security has taken a back seat in the collective conscience of our nation. We must come to the stark realization that a major Achilles heel is our computer networks. Unfortunately, the history of our nation -- in heeding warnings of imminent danger -- doesn’t lend itself to very much optimism.
http://reform.house.gov/TIPRC/Hearings/EventSingle.aspx?EventID=652
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