Internet viruses cause havoc for online casino operators
Internet viruses are overwhelming Europe's small business sector...
Wednesday 31st March 2004
In a research report released by McAfee Security, Internet viruses are overwhelming Europe's small business sector with 22 percent of these companies closing down operations to recover from recent attacks. The security vendor estimates that more than 14 million businesses with less than 20 employees have been affected in varying scale.
The study findings nearly match a recent survey by the UK's National Hi-Tech Crime Unit, which estimated that in 2003 alone, cyber crime cost British, companies hundreds of millions of pounds.
With thousands of online casinos operating across Europe, the company estimates that each Internet virus attack costs operators more than US$6,090 in lost output and clean-up, with the annual cost of all cyber crime at more than US$20 billion for western Europe.
The worst hit countries were France and Italy where 50 percent and 30 percent of small businesses respectively were brought to a standstill by outbreaks, while 20 percent of the Spanish small businesses in the survey reported files were irretrievably lost or damaged by digital security breaches.
‘It looks to be getting worse. This year, we've seen more virus outbreak alerts in the first quarter than in all of 2003,’ says Jack Clark, technology consultant for McAfee.
With cyber fraudsters sending dubious e-mails or creating spoof online casinos hoping to entice users to download software, the online casino industry must take all cyber fraud seriously if it is to maintain its reputation and credibility.
Despite the virus barrage growing in intensity, a majority of small businesses are not updating their anti-virus software. In UK for instance, more than 60 percent of businesses are vulnerable to attack says McAfee.
‘Overall, the sector is suffering from a lack of awareness,’ warns Clark.
In a research report released by McAfee Security, Internet viruses are overwhelming Europe's small business sector with 22 percent of these companies closing down operations to recover from recent attacks. The security vendor estimates that more than 14 million businesses with less than 20 employees have been affected in varying scale.