Finland Suffers Upswing in Cyber Crime as Hackers Hit Companies

Finnish companies are facing an upsurge in cyber crime, with more than one in ten big companies attacked by hackers, according to a study.

About 11 percent of the country’s large companies had network security breaches over the past three years, compared with 1 percent in 2008, the country’s Chamber of Commerce in Helsinki said in a report published today. The report was based on surveys of 1,681 corporate managers.

“The growth in information system crimes is absolutely staggering,” Marko Silen, who heads the legal affairs unit at the Helsinki Region Chamber of Commerce, said in a statement. “It’s also worrying that fewer than half of companies have guidelines regarding trade secrets.”

Growth in cyber crime is a global trend as more people sign up to online banking and use mobile devices to connect to corporate networks. Personal information of more than 16,000 Finns was leaked on the Internet in November, sparking a probe by the National Bureau of Investigation.

Citigroup Inc. and Sony Corp.’s PlayStation Network were among hackers’ targets last year and more than 40 percent of executive managers at Finland’s 500 biggest companies expect cyber crime threats to increase in the next 12 months, according to a survey commissioned by computer security software developer Stonesoft last week.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.