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Cost of data breaches declining globally

Cost of data breaches declining globally

News   •   Jun 21, 2017 12:53 BST

The average cost of a data breach is $3.62 million globally, a 10% decrease from the 2016 results, according to IBM's latest Cost of Data Breach Study, conducted in collaboration with the Ponemon Institute. This is the first time since the global study was created that there has been an overall decrease in the cost. On average, these data breaches cost companies $141 per lost or stolen record.

Cyber espionage and ransomware attacks are on the increase

Cyber espionage and ransomware attacks are on the increase

News   •   Apr 27, 2017 11:12 BST

Cyber espionage is now the most common type of attack seen in manufacturing, the public sector and education, warns Verizon's latest Data Breach Investigations Report. Much of this is due to the high proliferation of propriety research, prototypes and confidential personal data, which are hot-ticket items for cyber criminals.

Organizations need to do more to ensure GDPR compliance

Organizations need to do more to ensure GDPR compliance

News   •   Jan 31, 2017 13:27 GMT

Organizations need to do more work to ensure compliance with the European Union's General Data Protection Regulations (GDPR) which are due to come into force in May 2018. While organizations are largely aware of their upcoming obligations, levels of maturity to meet the new standards are still low. Overall organizations are only complaint with less than 40% of the principles laid out in the GDPR.

Customers turning away from breached organizations

Customers turning away from breached organizations

News   •   Oct 27, 2016 09:41 BST

What is the long term impact of a data breach? A study conducted by Thales e-Security has showed that the vast majority of people would reduce or eliminate the use of an organization’s products or services following a data breach, and only 16% of respondents would continue to use an organization’s products or services as usual.

Organizations lacking confidence when it comes to data breach preparedness

Organizations lacking confidence when it comes to data breach preparedness

News   •   Oct 07, 2016 15:34 BST

Despite most organizations having a data breach preparedness plan in place, only a quarter of organizations are confident in their ability to minimize the financial and reputational consequences of such a breach. These findings are according to a study carried out by the Ponemon Institute on behalf of Experian.

Business Continuity Management reduces cost of data breaches

Business Continuity Management reduces cost of data breaches

News   •   Jun 17, 2016 09:31 BST

Companies that have predefined Business Continuity Management (BCM) processes in place are able to find and contain data breaches more quickly, discovering breaches 52 days earlier and containing them 36 days faster than companies without BCM. This is according to a study sponsored by IBM and conducted by the Ponemon Institute.

Britain’s businesses urged to better protect themselves from cyber criminals

Britain’s businesses urged to better protect themselves from cyber criminals

News   •   May 13, 2016 08:41 BST

Britain’s businesses are being urged to better protect themselves from cyber criminals after research by the UK government into cyber security found two thirds of large businesses experienced a cyber breach or attack in the past year.

The increasing likelihood of a data breach

The increasing likelihood of a data breach

News   •   Feb 11, 2016 17:01 GMT

How likely are you to suffer an unwanted intrusion within your IT systems? The majority of business decision makers admit their organization will suffer an information security breach, and that the cost of recovery could start from around $1 million. This is according to a new report by NTT Com Security.

​Flipping the economics of attacks

​Flipping the economics of attacks

News   •   Feb 02, 2016 16:18 GMT

The costs of a cyber attack may not be as high as first thought, according to new study by the Ponemon Institute carried out on behalf of Palo Alto Networks which found that the average hacker makes only $15,000 on average per attack and generates an income of less than $29,000 per year, a quarter of what a cyber security professional could make during the same period.

Using business continuity management to protect against data breaches

Using business continuity management to protect against data breaches

News   •   Oct 02, 2015 10:56 BST

Organizations that involve their business continuity management teams in data breach planning and response can reduce the likelihood of data breach and lessen the cost and impact of any breach that should occur. These findings were uncovered in the 2015 Cost of Data Breach Study: Impact of Business Continuity Management, sponsored by ​IBM and conducted by the ​Ponemon Institute.

Information security breaches proving costly for businesses small and large

Information security breaches proving costly for businesses small and large

News   •   Jun 03, 2015 10:27 BST

According to a new study conducted by ​PwC and commissioned by the ​UK Government to raise awareness of the growing cyber threat, the average cost of the single worst online security breach suffered by big businesses is between £1.46m and £3.14m, up from £600k – £1.15m in 2014.

The cost of data breaches

The cost of data breaches

News   •   May 27, 2015 14:28 BST

​According to a new study by the ​Ponemon Institute, the average consolidated total cost of a data breach is $3.8 million, representing a 23% increase since 2013. The annual '​Cost of Data Breach Study' also found that the average cost incurred for each lost or stolen record containing sensitive and confidential information increased 6% from a consolidated average of $145 to $154.

Cyber attack the top threat according to business continuity professionals

Cyber attack the top threat according to business continuity professionals

News   •   Feb 17, 2015 12:03 GMT

​Cyber-attack is the top threat perceived by businesses, according to the fourth annual Horizon Scan report published today by the Business Continuity Institute (BCI), in association with BSI. Supply chain disruption is reported as the fastest rising threat, up 11 places since last year.

48% increase in number of detected cyber security incidents

48% increase in number of detected cyber security incidents

News   •   Jan 13, 2015 14:10 GMT

It may not come as a surprise that cyber security incidents are on the rise. Open any newspaper today and you will no doubt come across yet another article highlighting some organization that has become the latest victim of a breach in online security.

Are UK businesses sleepwalking into reputational time bomb?

Are UK businesses sleepwalking into reputational time bomb?

News   •   Dec 04, 2014 12:14 GMT

​Businesses in the UK are at risk of sleepwalking into a reputational time bomb due to a lack of awareness on how to protect their data assets, according to new research by ​BSI. As cyber hackers become more complex and sophisticated in their methods, UK organizations are being urged to strengthen their security systems to protect both themselves and consumers.

Breach on the beach: the danger of taking your smartphone on holiday

Breach on the beach: the danger of taking your smartphone on holiday

News   •   Jun 27, 2014 10:47 BST

It's not uncommon for people to take their smartphone, tablet computer or even their laptop with them whenever they go on holiday, but are they putting their organizations at greater risk of a cyber attack by using unsecured wi-fi networks to check their emails or do other work? That is the conclusion according to new research carried out on behalf of Sourcefire.