Economic Relevance of IT-Security

IT-security sounds like a subject purely for a§company's IT-department, for the IT-specialists§alone. But IT-security definitely is more than just a§technical toy , its influence on a company s§performance is real. It can be proven that companies§are more likely to loose money if IT-security is§neglected. Companies worldwide are facing financial§loss day by day due to security-gaps in their§IT-infrastructure as demonstrated in several studies§all over the world.§This thesis concentrates on proving that failures in§IT-security indeed raise a company's vulnerability§and the risk of lost income. It has been written for§everybody who does not know much about IT and§IT-security but would like to get some insight into§the subject and its relevance for the company's success. IT-security sounds like a subject purely for a§company''s IT-department, for the IT-specialists§alone. But IT-security definitely is more than just a§technical toy , its influence on a company s§performance is real. It can be proven that companies§are more likely to loose money if IT-security is§neglected. Companies worldwide are facing financial§loss day by day due to security-gaps in their§IT-infrastructure as demonstrated in several studies§all over the world.§This thesis concentrates on proving that failures in§IT-security indeed raise a company''s vulnerability§and the risk of lost income. It has been written for§everybody who does not know much about IT and§IT-security but would like to get some insight into§the subject and its relevance for the company''s success.