Cybercrime worse than physical crime?

IBM did a survey, and it was just published here on iTWire. Interesting perspective:

According to the IT executives surveyed, 49% of local businesses now perceive cybercrime to be a greater threat than physical crime to their business. At the same time, the perception is that perpetrators of cybercrime are becoming increasingly sophisticated; 80% of Australian CIOs (84% globally) believe that lone hackers are increasingly being replaced by organised and technically proficient criminal groups.

[…]

When it comes to relative costs, Australian CIOs think that cybercrime has a more detrimental financial impact on their business than physical crime. They are most concerned about the loss of current customers as a result of cybercrime (71%), followed by loss of revenue (68%) and loss of prospective customers (67%). Just 38% of their global peers identified loss of prospective customers as a major concern, possibly reflecting the smaller size of the Australian market and relative importance of each customer.

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