Profits Embolden Hackers By Tim Wilson, InternetWeek [snip...] In two separate studies completed this month, Fortune 1000 companies reported more financial losses due to computer vandalism and espionage in 1997 than they ever experienced before. Several corporations said they lost $10 million or more in a single break-in. And reports of system break-ins at the Computer Emergency Response Team site are the highest they've ever been. [snip...] In a study to be published next month, WarRoom Research found that the vast majority of Fortune 1000 companies have experienced a successful break-in by an outsider in the past year. More than half of those companies have experienced more than 30 system penetrations in the past 12 months. Nearly 60 percent said they lost $200,000 or more as a result of each intrusion. In a separate study published earlier this month by the Computer Security Institute and the FBI, 520 U.S. companies reported a total loss of $136 million from computer crime and security breaches in 1997, an increase of 36 percent from the year before. The Internet was cited by 54 percent of the respondents as a frequent point of attack, about the same percentage of respondents that cited internal systems as a frequent point of attack.