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IT FAQs
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IT Frequently Asked Questions (FAQs)

Q: What is a typical full-time CIO salary?
A: See chart below:
Industry Average Compensation
Insurance $223k
Finance $220k
Computer-related $209k
Manufacturing $176k
Education $126k
Government $120k
Average of all CIOs total compensation* $186k

*Compensation includes base salary, bonus and stock options
Source: CIO Magazine, 2003-04 Base: 539 heads of IT

SlingStone IT’s vCIO services cost a lot less than a full-time CIO!!!!

Q: What are the most critical factors for success over the next 12 months?
A: Keys to Success:
1 Retention of key workers
2 Flexible business strategies
3 Partnering with others
4 Getting more from IT
5 Increased available funding

BASE: 387 CEOs of privately held, fast-growth U.S. companies
Source: PricewaterhouseCoopers, New York, March 2004

Q: How significant is SPAM to businesses today?
A: By year end 2004, spam will account for 52 percent of all e-mail messages. Spam will cost $41.6 billion in financial losses in 2004, a 103 percent increase over 2003 losses.

SOURCE: Radicati Group

Q: Is the amount of money spent on IT the biggest factor in having a successful IT/business alignment?
A: It's not how much you spend on IT, but where you spend it. (October 1, 2003)
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Q: What is one of the most likely causes of project failure?
A: IT projects are more likely to fail at companies that don't exercise disciplined project management. (June 25, 2003)
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Q: What two key functions dramatically increase the likelihood of properly aligned IT projects with business objectives?
A: 1) CIO and 2) Project Management. Companies that have neatly aligned IT projects with business goals are likely to have a CIO and a project management office, says a recent survey. (May 21, 2003)
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Q: How important is security to my network?
A: Consider these eye-opening statisitics:
Worms and blended threats accounted for 43 percent of Internet attack activity between July and December 2003. (Mar 19,2004)
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Spam will account for more than half of all e-mail messages in 2004, costing businesses billions. (Feb 24,2004)
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Identity theft and fraud cost Americans some $437 million in 2003. (Jan 22,2004)
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Nearly three in four health care companies don’t bother to justify information security spending. ( Nov 07,2003 )
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Worms and blended threats accounted for 43 percent of Internet attack activity between July and December 2003. (Mar 19,2004)
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Online consumers trust their employers more than any other organization. (Mar 12,2004)
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Spam will account for more than half of all e-mail messages in 2004, costing businesses billions. (Feb 24,2004)
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MyDoom outbreak hits specific websites, leaves rest of Net undisturbed. (Feb 04,2004)
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Nearly one in five U.S. consumers know a victim of online credit card fraud. (Jan 30,2004)
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Identity theft and fraud cost Americans some $437 million in 2003. (Jan 22,2004)
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Most online consumers believe their passwords are secure, but almost half of them never change their passwords. (Dec 18,2003)
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Identity theft and credit card theft top consumer fraud fears this holiday season. (Dec 16,2003)
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The United States leads the world in e-commerce fraud, generating 47.8 percent of worldwide fraudulent transactions. (Nov 14,2003)
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Nearly three in four health care companies dont bother to justify information security spending. (Nov 07,2003)
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Uncle Sam seeks IT workers with security clearance and basic programming skills. (Oct 08,2003)
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More digital attacks originate from Brazil than anywhere else; so far the 2003 count stands at more than 95,000 digital attacks. (Sep 26,2003)
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Product related e-mails account for 20 percent of all spam, but Internet related messages show biggest increase. (Sep 17,2003)
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Business Process Management tools gain traction in the enterprise. (Sep 17,2003)
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The FTC projects 210 million complaints reported to its identity theft clearinghouse by year-end 2003. (Sep 12,2003)
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Businesses and consumers lose more than $50 billion to identity theft over the last five years. (Sep 04,2003)
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A majority of U.S. companies did not have formal plans in place to handle recent blackouts in the eastern United States. (Aug 28,2003)
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The majority of Fortune 1000 execs are better prepared than they were two years ago to recover from a disaster. (Aug 14,2003)
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Message security market will grow to $1.1 billion by 2007. (Aug 07,2003)
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Security incidents in 2003 on pace to increase 86 percent over 2002. (Jul 31,2003)
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WLANs continue to creep in to the enterprise, but security concerns hamper widespread adoption (Jul 30,2003)
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Many PDA users keep sensitive business information on their PDAs. (Jul 25,2003)
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More than one-third of Canadians say their personal information has been compromised online. (Jul 23,2003)
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Web application security products and services market to hit $1.74 billion by 2007. (Jul 17,2003)
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Global financial firms spend about 6 percent of their IT budgets on security; many have increased staff since 2001. (Jul 10,2003)
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Corporate losses caused by spam will grow from nearly 10-fold from 2003 to 2007. (Jun 20,2003)
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Most broadband users store confidential information on their computers but lack proper firewall protection. (Jun 19,2003)
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Security concerns top list of barriers for online banking. (Jun 13,2003)
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North America was the main source for global security incidents and attacks from the fourth quarter of 2002 through the first quarter of 2003. (Jun 09,2003)
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U.S. consumers to lose $73.8 billion to identity theft. (May 23,2003)
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Chinese developers see spike in security breaches. (May 20,2003)
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More than half of Web shoppers want more secure payment options. (May 08,2003)
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Storing data is the easy part; recovering data is another story. (May 07,2003)
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Klez.E attacks have dropped over last year, but the virus remains one of the most popular. (May 01,2003)
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Spam attacks increased 4 percent from February to March. (Apr 24,2003)
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Nearly one-third identity thefts lead to credit card fraud. (Apr 03,2003)
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Just 42 percent of consumers think businesses handle personal information in a proper and confidential way. (Mar 28,2003)
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Nearly one-third of virus attacks in February can be blamed on the Klez.E worm. (Mar 13,2003)
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One in three companies would lose critical data or operational capability during a disaster because their recovery plans are not adequately funded. (Mar 12,2003)
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Digital attacks against U.S., U.K. on the rise. (Mar 06,2003)
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Less than half of companies have intrusion detection systems in place. (Feb 27,2003)
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Many IT professionals expect military forces or terrorists to launch a large-scale cyberattack within two years. (Feb 20,2003)
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The United States was the number-one target of hackers in 2002. (Feb 14,2003)
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Protecting credit card information during online purchases is of concern to 92.4 percent of Web shoppers. (Feb 13,2003)
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Damages from digital attacks total $8 billion in January. (Feb 06,2003)
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Companies rank virus threats as top security priority for 2003. (Jan 29,2003)
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Online auctions account for half of Internet fraud complaints. (Jan 24,2003)
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Fridays and weekends are prime-time for hackers. (Jan 23,2003)
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