Feeds

July's cyber casualties revealed

Deaths drop 30% from June

  • alert
  • submit to reddit

3 Big data security analytics techniques

With much of the Internet carnage neatly swept away, the number of dotcom deaths carried on falling in July.

Thirty-two Net oufits either shut down or declared bankruptcy in July, a drop of 30 per cent from a month ago, and the lowest number since September 2000.

Casualties included online grocers Webvan and HomeRuns.com.

This puts the total of dotcom casualties for the year so far at 367, according to figures from Webmergers. It compares to 56 shutdowns for the first seven months of 2000.

"July's data reinforces our belief that we have seen the worst of the Internet shakeout as the tail of the first wave of B2C shutdowns overlaps with the second wave of B2B-oriented failures," the report states.

On the flipside, buyers spent almost $3 billion to acquire 99 dotcoms in July - the same as April and May's figures, but half of June's $6 billion.

Despite much of the IT industry being forced to adopt belt-tightening policies, around $32 billion has been spent so far this year by companies snapping up Net outfits. ®

Related Stories

Dotcoms still falling like flies
147 dotcoms die in Q1
The First Titsups of Spring
Webvan drives into dotcom Death Valley

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.