Nice to see on data on this. Tim Wilson of Dark Reading writes: Some 63 percent of K-12 schools say they have experienced at least two security breaches in the past year, according to a new study, and their IT administrators are struggling to find the resources they need to keep up with security tasks….
Category: Commentaries and Analyses
Data Breach in the Clouds
David Navetta writes: I was recently provided an opportunity to write the lead article for Hisox’s new “global technology news” publication. Hiscox is one of the leading international insurers of “cyber risk” (a.k.a.data security and privacy insurance) and has taken an active role in understanding and insuring this risk. Their expertise lead them to focus on…
2010 Annual Study: U.K. Cost of a Data Breach
This 2010 Ponemon Institute benchmark study, sponsored by Symantec Corporation, examines the costs incurred by 38 organisations after experiencing a data breach. Results were not hypothetical responses; they represent cost estimates for activities resulting from actual data loss incidents. This is the fourth annual study of this issue. Breaches included in the study ranged from…
GAO Report: “Information Security: IRS Needs to Enhance Internal Control over Financial Reporting and Taxpayer Data”
A new GAO report indicates that the IRS still needs to do more to improve security. The summary of their report, emphasis added by me: The Internal Revenue Service (IRS) has a demanding responsibility in collecting taxes, processing tax returns, and enforcing the nation’s tax laws. It relies extensively on computerized systems to support its…
Audit finds confidential data on NJ state computers sent to auction
Angela Delli Santi reports: Taxpayers’ Social Security numbers, confidential child abuse reports and personnel reviews of New Jersey workers nearly went to the highest bidder after the state sent surplus computers out for auction. Nearly 80 percent of surplus computers in a comptroller’s office sample had not been scrubbed of data before being shipped to…
Corporate data breach average cost hits $7.2 million
The cost of a data breach went up to $7.2 million last year up from $6.8 million in 2009 with the average cost per compromised record in 2010 reaching $214, up 5% from 2009. The Ponemon Institute’s annual study of data loss costs this year looked at 51 organizations who agreed to discuss the impact of losing…