Cyber Strategies for a World at War

OPEN SOURCE AGGREGATION & ANALYSIS

Putting A Price On Cyberspying

By Andy Greenberg
January 23, 2009
Forbes

A study by Purdue researchers paints a picture of a world economy plagued by costly digital espionage.

In the murky world of cyber espionage, the spied-upon are often just as silent as the spies. Even as governments publicize the problem of intellectual property theft by digital intruders, few companies’ chief information officers will admit they’ve been targeted.

But ask those CIOs anonymously, and their candid answers begin to sketch the size of the problem: A hemorrhaging breach in research and development secrets that, in the last year, may have added up to roughly $4.6 million in lost or stolen intellectual property per company.

That’s the number released Thursday in a study performed by Purdue’s Krannert School of Management and funded by security software firm McAfee (nyse: MFE – news – people ). The study questioned nearly 800 CIOs about the value of their IP lost to hackers and insider thieves in 2008.

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