Half of UK firms say net is unsafe for trading

19 September 2001
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20 September 2001

Only half of UK businesses say the Internet is a safe place for business-to-business transactions, a Confederation of British Industry (CBI) study has found.

Hackers were the main threat to e-business for 45 per cent of the 148 respondents to the CBI's Cybercrime Survey. A quarter said that former and current employees also posed a security risk, with particular concern in the technology, telecommunications and consultancy sectors.

However, e-business fraud itself was less of a concern than loss of reputation because of adverse publicity of being a victim of cyber-crime.

The CBI urged companies to ensure their exposure to e-commerce fraud did not increase.

SMsep2001

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