Sorry for the lapse in new posts and information, life has been coming at me quick lately.
Anyways, THIS is a shorter article I found on CNN.com about the rising cost of cybercrime and how it has been affecting the bottom line of major companies more every year. In my opinion, there is a direct link between the profits made using the technology and the amount lost to the cybercrimes. The reason being, that most companies use outdated security, both hardware and software, on systems that were not designed for the extensive use they are getting. I know a company I once worked for used an old Dell desktop machine with Windows Server 2003 to host their company website. While by all accounts the system could handle it physically, the security on the machine was questionable at best. One of the other programmers at the time suggested that we also store the client database on the same machine; luckily I was there when the idea was put forth so I could properly quash it.
In this age of technology and advancement, companies are having to cut corners in order to cope with the down economy and unfortunately one of the first things tossed is their digital security. Hopefully this report will give a little bit of perspective to the companies that are just trying to save money by avoiding security bills; because I guarantee the amount that they spend for a little security will pale in comparison to the amount they lose once a system is compromised at a higher level.
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