Feeds

Data breach costs soar

Punters desert compromised firms

Combat fraud and increase customer satisfaction

There's more bad news for chancellor Alistair Darling in the wake of the HMRC data loss fiasco. A study by the US-based Ponemon Institute reckons information security breaches cost $197 per compromised record, compared to $182 per record last year.

Ponemon's third annual Cost of a Data Breach study focuses on the results of data breaches in 35 US organisation during the study period. A report focusing on UK organisations is due out in January.

The study attempts to estimate the cost of legal fees, call centre costs, lost employee productivity, regulatory fines, loss of investor confidence, fees from security consultants and customer losses associated with customer data information security breaches. Ponemon estimates the average cost per incident in the 35 US cases it studied was $6.3m in 2007, compared to $4.8m in 2006. It reckons lost business makes up two-thirds of these estimated losses, or $4.1m per incident in 2007, up 30 per cent on 2006.

Third parties - such as outsourcers, contractors and business partners - were blamed for 40 per cent of the security incidents analysed by Ponemon this year, up from 29 per cent last year. ®

SANS - Survey on application security programs

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.