Cyber criminal attacks on businesses in particular financial institutions show no sign of abating despite concerted efforts to reduce them. That is the main finding of Computers, Networks and Theft (Part 2), a new report just published by Internet security company Kaspersky Lab.

The report suggests that, against all expectations, attacks on such establishments in the first half of 2006 increased by 17% on the last six months of 2005. Since 2003, attacks have increased (year-on-year) by an average of 39%.

These findings are bad news indeed for the many blue chip finance houses that, in the middle of 2005, began to implement myriad procedures that would help protect their clients from data theft. Initially, those measures – including the introduction of two-part authentication – appeared to have a positive effect, with attacks in Q3-Q4 2005 falling by 13%.

Source

SMT