A recent survey conducted by IBM of CIOs in manufacturing, financial, health-care, and retail industries shows the growing threat of cybercrime on organizational resources.

Of the 600 U.S. CIOs in the survey, 57 percent said cybercrime costs their companies more than conventional crime.

About 75 percent said the threat from cybercrime comes in part from within their companies.

Moreover, 84 percent said hackers are increasingly part of organized crime, not simply individuals working alone.

Results from international CIOs in the survey closely followed those of the U.S. companies for most measures, but they diverged on several key points.

Among U.S. CIOs, 83 percent said they were prepared to face the threats of cybercriminals, compared to just 53 percent of internationals.

CNET, 17 March 2006