Research by KPMG among large UK companies shows that both Dot.Com and traditional "clicks and mortar" companies are leaving themselves and their customers at risk from hacking and cyber crime.
The overwhelming conclusion of the survey is that the new eRisks are not being managed. The phenomenal growth in the use of the Internet has been accompanied by a step change in information risk, but security has not kept up.
98% of respondents said they currently use the Internet. This compares with 70% in the same survey in 1998 and 35% in 1996. However only one-third were sufficiently advanced to be able to undertake business transactions on line. Yet one in six of these still do not have a formal information security policy.
