A Data Breach can still bankrupt a business
In Ponemon Institution’s annual “Symantec” shows that the cost per record lost and the average cost of a data breach dropped in 2011. The cost per record dropped from $214 to $194, and from an average breach cost from $7.2M to $5.5M. The decline is credited to organizations being better prepared for and responding to a data breach. Here are some of the reasons for the drop:
- The decrease in per capita breach costs
- The average size of a data breach
- The decrease in abnormal customer churn
- A drop in the average total cost of a data breach response
While this may seem great news, don’t let your guard down just yet. All this is showing is that the costs to a company are dropping, and having a plan and response team will lower a company’s costs. From another industry report, Symantec claims that the number of attacks increased 81% from 2010 to 2011. Read More→
Dangers of Traveling Overseas with Mobile Phones, Laptops, PDA’s and other Electronic Devices
Hotel business centers and phone networks are regularly monitored in many countries. In some countries hotel rooms are often searched. All information you send electronically-by fax machine, personal digital assistant (PDA), computer, or telephone can be intercepted. Wireless devices are particularly vulnerable.
Security services and criminals can track your movements using your mobile phone or PDA and can turn on the microphone in your device even when you think it’s off. To prevent this, remove the battery. Security services or criminals can also insert malicious software into your device through any connection they control. They can also track you or listen to your conversations if your device is enabled for wireless. When you connect to your home server, the malware can migrate to your business or home system, can inventory your system and be received by the Security service or criminals. Read More→
McAfee recently revealed that 72 different organizations around the world have been victims of cyber-spying. With attacks likely to increase, it is important to note that strengthening your access controls ensures that you have a higher level of security for all those who are attempting to access the network.
However, PKI is not the panacea that some hope it would be, and the death of passwords is greatly exaggerated. From a security perspective PKI is without a doubt the best, but when it comes to high cost of ownership, time consuming implementations and specialized support staff here as well PKI wins.
Passwords are free and very easy to control, but the weakness is not in passwords but rather how people choose them, manage them and types them. Almost every breach that involved passwords was not because of passwords but because of the password used by the individual. It is no wonder that accounts and companies are getting hacked through passwords especially when IT keeps making password security more burdensome on the user. Employees are being forced to write them down, come up with easy ones to remember and use the same ones everywhere. If security is cumbersome, employees will always circumvent it for their own convenience. That is a fact. Read More→