More than half of European companies polled in a survey on global network risk admitted that they have suffered significant financial damage as a result of IT system failure in the last 12 months. The survey, conducted by the Economist Intelligence Unit and sponsored by ACE European Group (NYSE:ACE), polled senior risk managers and business leaders throughout Europe. The research also showed that close to 40% of those surveyed had experienced losses as a result of damage or misuse of systems or data by staff or contractors and that nearly 25% had suffered as a result of computer crime, including ‘phishing’ – using forged emails or website pages to obtain data – and hacking…
