Why Your Business Requires Security

The States and Federal Identity Theft and Privacy Protection Laws now require businesses, agencies and organizations of all sizes to protect all personal information they store, and report to all their customers whenever a breach occurs. The financial ramifications after having a data breach can be very substantial to both present and future business. In some many cases a company never does recover from a breach and is forced to close down. Currently, the average cost on a company is $3.7M per incident.

Archive for January, 2009

Jan
29

IP Theft is on the Rise

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Much 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.

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Jan
21

2008 Data Breach Analysis – By Industry

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When 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→

Categories : Security Stats
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Jan
14

Network Security Doesn’t Have To Be A Burden

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Whenever I log onto my computer, visit a subscriber web sites or check my emails I always get the screen “Please enter your User Name and Password”.  To manage this authentication barrage I might use the same logon information for all my sites, make the passwords simply to remember and keep the same password for years. Now my company’s IT department has decided to increase security by making me change my logon password every 60 days, make it more than 8 characters long and it has to contain both numeric or special characters. Security is a necessary burden. But, does security really need to be a burden?

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Jan
14

Security Talk #4 – Data Encryption

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Peter Avritch, CEO of PC Dynamics, Inc (www.safehousesoftware.com)
Peter discusses the importants of data encryption and how easy it is to use his award winning product SafeHouse. This interview is intended for all business owners and executives who need to understand how a simple encryption program can save your company from bankruptcy. safehouseprofessionalbox150

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Jan
12

2008 Data Breach Analysis – By Attack

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When 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→

Categories : Security Stats
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