Pricewatercooperhouse has recently released a study revealing that in 2011 hackers have stolen US$ 1 billion from companies in Brazil.
On the top of that, BSA (Business Software Alliance) ranked Brazil the least prepared nation to adopt cloud computing technology among the 24 countries that account for 80 percent of the world’s information and communications technology.
In 2011 Hackers stole 1$bi from companies in Brazil
A recent survey by PricewaterhouseCoopers (PwC) reveals that about one third of companies in Brazil (32%) was victim of cyber attacks last year. The world average is lower: 23%. In Brazil, 8% of the companies attacked had losses greater than $ 5 million. In total, hackers stole $ 1 billion from companies in Brazil in 2011.
The study polled 3,877 senior executives in 72 countries. It is breathtaking to notice that digital crime did not even appeared among the main concerns of those executives in 2009. Today, cyber crime is identified as the second worst headache for business leaders, behind theft of assets.
The PwC survey exposes that 71% of companies have discovered that digital thieves work in the company, the majority (67%) holding management positions.
What executives fear most, especially in Brazil (68% mentioned the subject, against 40% globally), is the loss of reputation. However, almost half of the senior executives polled by PwC did not know if his/her company had been the victim of a cybercrime.
BSA ranking by Cloud Police
BSA (Business Software Alliance) is the leading software trade association. It is an association of nearly 100 world-class companies, includingMicrosoft, Apple, Intel, and Siemens that invest billions of dollars annually to create software solutions.
Many in IT circles consider the move to the cloud inevitable. Some opinion makers like Carl Bass and David Baker from Wired magazine believe that cloud computing will radically revolutionize the way our societies are organized. However, the legal and regulatory frameworks surrounding cloud computing technology still need to evolve considerably.
BSA analyzed the 24 countries that account for 80 percent of the world’s information and communications technology. These 24 countries were classified according to seven items: data privacy, cyber security, cyber crime control, protection of intellectual property, IT infrastructure, free trade, technology interoperability and harmonization of law.
Japan was deemed most prepared whilst Australia, Germany, the US and France were also ranked highly. The full, 24-country rankings, detailed findings, and policy blueprint are available here.
Ranking in the last position, Brazil is not “cloud-ready” yet. One of the main reasons is that “the country of the future” has no law that guarantees the privacy of cross-cloud data transfer and weak legislation against cybercrime. Besides, Brazil has not implemented appropriate laws to facilitate the development of ITCs (Information and Communication Technologies for Development).
According to BSA, Brazil’s existing criminal laws are out of line with international standards regarding digital crime. Brazil has gaps in the protection of intellectual property and has not signed the WIPO Copyright Treaty, an international treaty on copyright law adopted by the member states of the World Intellectual Property Organization (WIPO). The other main weaknesses are: online piracy is widespread and lawsuits rare.