Australian CIOs are more concerned about employees threatening corporate security than outsiders, according to a new survey released by IBM today.

The survey found 75 percent of local CIOs are more concerned about internal threats compared to a global average of 66 percent across 17 countries.

More than 3000 CIOs were questioned for the survey in January including 150 from Australian companies. Most were drawn from the retail, financial services and manufacturing sectors.

An estimated 49 percent of local businesses now perceive cybercrime as a greater threat than physical crime to their business.

At the same time, the perception is that perpetrators of cybercrime are becoming increasingly sophisticated; 80 percent of Australian CIOs (84 percent globally) believe that lone hackers are increasingly being replaced by organized and technically proficient criminal groups.

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