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Cybercrime on the rise - McAfee

A new report by McAfee has warned that cybercrime has grown phenomenally

A new report by McAfee has warned that cybercrime has grown phenomenally over the past few years, but firms must learn how to ward off such threats with criminals expected to become even more prevalent on the internet in the coming decade.

The report, "A Good Decade for Cybercrime", suggests that in spite of the growth in cybercrime, many firms were able to stay clear of serious security threats.

According to Greg Day, director of security strategy at McAfee, businesses that moved along with the changes in technology, especially with security, and looked at them as good opportunities instead of threats, emerged victorious.

This has been difficult for some firms, with the internet becoming a more complex hub of revenue and information.

The report says: "With its rich landscape of e-commerce sites, paid services and online banking, the internet became a treasure trove of money and information."

Mr Day has said that McAfee, which was faced with an average of 60,000 new threats daily in 2010, will be focusing on the most important risks as it is not possible to target every security problem.

He said: "It is impossible to respond to all of them, so the most savvy companies are looking only at what are most important and relevant threats to them."

Copyright Press Association 2011

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