[Osiris]

Financial Fraud Tops Malware As Biggest Financial Drain

On the good side, viruses have been unseated as the top financial drain when it comes to security and protection. The bad news? Malware took the lead.

But now, financial fraud has overtaken virus attacks as source of the greatest amount of financial losses, according to the 12th Annual Computer Crime and Security Survey. Financial fraud is estimated to cost surveyed businesses, government agencies and universities $21,124,750 this year alone. By comparison, malware is expected to cost the same enterprises $8, 391,800, according to the study, which is run by the Computer Security Institute.