Cost of cybercrime surges by 62 per cent in 5 years
Malware infections are the most expensive attacks – costing $2.4 million per incident, according to Accenture and Ponemon Institute
Malware infections are the most expensive attacks – costing $2.4 million per incident, according to Accenture and Ponemon Institute
Data breaches like the one just disclosed by the IRS aren't something any organization wishes for, but there's now even bigger financial incentive to avoid them than in the past.
Businesses are being overwhelmed by large numbers of malware alerts the overwhelming majority of which are never even investigated, a study of US IT security staff experiences by the Ponemon Institute has found.
The "Bring Your Own Identity" (BYOID) trend in which websites let users authenticate using identities established through Facebook, LinkedIn, Google, Amazon, Microsoft Live, Yahoo or other means raises some questions in the minds of IT and business managers. And a survey conducted by Ponemon Institute shows a vast difference in how the IT and business sides think about this so-called BYOID method of authentication.
Regardless of your industry, the size of your organization, or the type of business you have, insider threat is a menacing reality. In most organizations, this threat has been undervalued, underestimated and underfunded. It's the elephant in the room that no one wants to talk about because it means acknowledging that one of your own employees might take you for a ride. And, it requires taking several challenging and, to some, uncomfortable steps to combat.
High-profile data breaches have plagued retail this year -- Target, Neiman Marcus, Michael's and other U.S. retailers have seen headlines about their woes splashed across both digital and print media.
It cost U.S. companies hit by data breaches last year an average of $5.4 million to cope with the after-effects – up 9% from the year before, according to the ninth annual Ponemon Institute study published Monday.
The top IT security chiefs make salaries that can run over $1 million per year, but are they happy? Ponemon Institute, which interviewed about 700 security professionals in the top IT security spot at their companies to find out, learned they make big bucks but the job often feels stressful and isolated.
More than three quarters in survey said their organisations had not trained employees to understand the privacy risks of BYOD
When it comes to data breaches, hackers and organized crime garner most of the headlines, but most data breaches are caused by human errors and system glitches--application failures, inadvertent data dumps, logic errors in data transfer and more. As a result, educating your employees and making sure they're not cutting corners is a big component in preventing data breaches.