Archive for Security Stats
Businesses Pay Higher Data-Breach Costs
Posted by: | CommentsThe Ponemon Institute recently released their 2008 study on the total costs a business pays for a data breach. After interviewing 43 companies the 2008 cost rose 2.5% to $6.6 million per breach or $202 per record compromised over 2007 costs.
Due to state regulations, businesses must notify customers, employees and vendors that their confidential personal data has been lost, stolen or compromised. The costs reported by the Ponemon Institute are incurred no matter if the records were actually used in committing identity fraud. Read More→
IP Theft is on the Rise
Posted by: | CommentsMuch has been made on the cost of identity theft on companies, and rightfully so. But what are the costs on a company if their intellectual property (IP) is stolen. In a study performed by Purdue’s Krannert School of Management (funded by McAfee, security software firm) in 2008 the lost or stolen intellectual property cost about $4.6 million per company.
2008 Data Breach Analysis – By Industry
Posted by: | CommentsWhen reviewing the 2008 Privacy Rights Clearinghouse’s data breach statistics we also broke down the attacks by the industry: Business, Education, Government and Medical. Within each of these industry we also analysed the number of reported breaches, number of potential victims reported and the number of breaches where the number of victims were unknown: Read More→
2008 Data Breach Analysis – By Attack
Posted by: | CommentsWhen reviewing the 2008 Privacy Rights Clearinghouse’s data breach statistics we broke down the type of attack into five categories: Dishonest Insider, Hacker, Lost/Stolen Computer Equipment, Improper Storage/Disposal of Documents and Dumb Exposure. While the first four are fairly selfexplanatory, Dumb Exposure is when someone posted information they should not have, sent a file to a wrong person, didn’t seal the envelopes prior to mailing, etc. Read More→
Data Security Breaches in 2008
Posted by: | CommentsPrivacy Rights Clearinghouse is a non-profit consumer information and advocacy organization that tracks, monitors and educates individuals on identity theft. One of their reports, A Chronology of Data Breaches, lists attacks from 2005 to present. While the information is informative, we took the raw 2008 data and analysed the number of cases, industries and means of the theft. Here are some of the results:
