Is Cybercrime overtaking Physical Crime?

Is Cybercrime Overtaking Physical Crime?
Is cybercrime costing corporations more money than physical crime? IBM seems to think so and has published a survey:

Nearly 60 percent of American businesses believe that cybercrime is hurting them more than physical crime, according to a recent IBM survey. Companies surveyed in healthcare, finance, retailing and manufacturing say cybercrime has cost them revenue, current and prospective customers and employee productivity.

And businesses think it’s up to government, both federal and local, to rein in cyber criminals, which they see as increasingly sophisticated and organized. In contrast, another IBM survey found that more than half of consumers hold themselves most responsible for protecting themselves from cybercrime,

http://fraudwar.blogspot.com/2006/03/is-cybercrime-overtaking-physical.html