Cybercrime is a rapidly growing threat, and one that businesses and consumers don’t seem to fully appreciate. As more and more business is conducted virtually — on computers and mobile devices — the opportunity for criminals to steal valuable information expands. At the same time, cyberattacks are growing in sophistication with signs that some efforts, including the recent Flame virus, may be sponsored by nation states. And while law enforcement is focusing more attention on the matter, observers say corporate America is not doing all it can to meet the threat. “The problem has been growing exponentially for the last 10 years,” says Andrea Matwyshyn, a Wharton professor of legal studies and business ethics. “As technology advances, the speed and potency of attacks can also increase exponentially.”

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