Survey: Fortune 1000 companies losing billions in stolen info
September 28, 1999
by Kathleen Ohlson
(IDG) -- Theft of proprietary information is costing Fortune 1000 companies billions of dollars a year, according to a study from the American Society for Industrial Security (ASIS) and PricewaterhouseCoopers.
Overall, companies lost an estimated $45 billion from January 1997 through June 1998, the survey estimated. Numbers are based on 97 responding companies in industries including high-tech, services, manufacturing and financial/insurance.
Manufacturing companies reported the majority of losses, with $871 million total and an average of about $50 million per incident, according to the study.
ASIS and PricewaterhouseCoopers said high-technology organizations had the most thefts recorded -- 530 incidents -- followed by service organizations with 356.
Other findings in the study, "Trends in Proprietary Information Loss Survey," included the following:
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