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The week in security: Breach costs arrested but CISOs risk the axe over reporting

Posted on June 20, 2016 by Dissent

David Braue reports:

The latest study of data-breach costs found Australian businesses bucking global trends by driving down the average cost of data breaches. There was little shelter for CISOs however, with warnings that they could increasingly risk losing their jobs if they can’t improve their reporting of security postures before the breaches happen.

Might be time to not only invest in training, but to consider the best way to develop a digital risk plan and sell it to the board. And that includes more than simply pointing out that the average breach now costs over $4 million – although one CEO decided to take a stand against a DDoS extortion attack over a far smaller potential loss.

Read more on CSO (AU).

Related posts:

  • Protect Good Faith Security Research Globally in Proposed UN Cybercrime Treaty
  • First Annual French Ponemon Study Shows the High Cost of Data Breaches for French Organizations
  • Good news for breached entities: it won’t cost you as much and customers are less likely to leave – Ponemon study
Category: Commentaries and AnalysesNon-U.S.

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