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Ponemon Institute and Raytheon Release New Study on the Insider Threat

May 30, 2014 Comments off

Ponemon Institute and Raytheon Release New Study on the Insider Threat
Source: Ponemon Institite and Raytheon

Well-publicized disclosures of highly sensitive information by wiki leaks and former NSA employee Edward Snowden have drawn attention and concern about the insider threat caused by privileged users. We originally conducted a study on this topic in 2011 and decided it was time to see if the risk of privileged user abuse has increased, decreased or stayed the same. Unfortunately companies have not made much progress in stopping this threat since then. Our latest study commissioned by Raytheon, “Privileged User Abuse & The Insider Threat,” looks at what companies are doing right and the vulnerabilities that need to be addressed with policies and technologies. One area that is a big problem is the difficulty in actually knowing if an action taken by an insider is truly a threat. Sixty-nine percent of respondents say they don’t have enough contextual information from security tools to make this assessment and 56 percent say security tools yield too many false positive.

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2012 Cost of Cyber Crime Study

October 18, 2013 Comments off

2012 Cost of Cyber Crime Study
Source: Ponemon Institute

The purpose of this benchmark research is to quantify the economic impact of cyber attacks and observe cost trends over time. We believe a better understanding of the cost of cyber crime will assist organizations in determining the appropriate amount of investment and resources needed to prevent or mitigate the devastating consequences of an attack.

Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age

August 16, 2013 Comments off

Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age
Source: Experian/Ponemon Institute

With the increasing cost and volume of data breaches, cyber security is quickly moving from being considered by business leaders as a purely technical issue to a larger business risk. This shift has spurred increased interest in cyber insurance to mitigate the cost of these issues. In a new study sponsored by Experian® Data Breach Resolution, Ponemon Institute surveyed risk management professionals across multiple sectors that have considered or adopted cyber insurance. Based on responses, many understand that security is a clear and present risk. Indeed a majority of companies now rank cyber security risks as greater than natural disasters and other major business risks.

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Ponemon Study Indicates Organizational Data Breach Costs Hit $7.2 Million and Show No Sign of Leveling Off

March 15, 2011 Comments off

Ponemon Study Indicates Organizational Data Breach Costs Hit $7.2 Million and Show No Sign of Leveling Off
Source: Ponemon Institute

Symantec Corp. and the Ponemon Institute today released the findings of the 2010 Annual Study: U.S. Cost of a Data Breach, which reveals data breaches grew more costly for the fifth year in a row. The average organizational cost of a data breach increased to $7.2 million and cost companies an average of $214 per compromised record, markedly higher when compared to $204 in 2009. The study also found that for the second straight year organizations’ need to respond rapidly to data breaches drove the associated costs higher. The sixth annual Ponemon Cost of a Data Breach report is based on the actual data breach experiences of 51 U.S. companies from 15 different industry sectors.

+ Full report and associated documents

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