• While being statistically insignificant in the past, cybercrime has emerged as one of the top types of economic crime and is now in fourth place in the Czech Republic (13%). While this is below the average for Central & Eastern Europe (“CEE”) (18%) and globally (23%), we may well see its rise in years to come. 30% of Czech organisations believe their organisation will likely face cybercrime in the following 12 months; together with bribery and corruption and insider trading the highest percentage among all types of fraud.
• IP theft (including theft of data) together with reputational damage and theft of personal identifiable information causes the biggest concerns to Czech organisations when it comes to the effects of cybercrime.
• The cybercrime threat is no longer seen as having primarily an external origin: 21% of Czech respondents see the internal threat as more prevalent, a further 32% consider cybercrime as an internal as well as an external threat. The Information Technology department is perceived as the most likely source of an internal cybercrime threat; this is consistent in the Czech Republic, the CEE as well as globally.
|“The way to get the business thinking about cybercrime is to talk about risk and not about encryption, penetration testing or firewall settings. Let them think about what can happen to the reputation of the firm if some of the critical data is lost.”
Filip Volavka Senior Manager, Forensic Technology Solutions, PwC Czech Republic
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