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Despite blaring headlines about cyber attacks, many companies are unprepared to cope with one, according to “The Global State Of Security Survey,” a study by PricewaterhouseCoopers (PwC). Of 9,500 executives surveyed in 122 countries, 44% say their firms have failed to create an overall security strategy. In addition, 54% lack an incident-response process and 48% […]
The study, by Clearswift, identified a widespread lack of employee awareness of good cyber security practice, and a slow business response to addressing insider threats. In the survey of 4,000 employees, 75% said their company provides inadequate levels of information about data policies and what is expected of them, and 58% lacked understanding of what […]
A new study by the Pell Center for International Relations and Public Policy at Salve Regina University revealed a troubling lack of preparedness to deal with cybersecurity threats among a vast majority of state governments. via Pell Study: U.S. Cybersecurity Preparedness Presents ‘Grim Picture’ – Security Sales and Integration
The fact is cybercrime is costly. Now, the 2015 Cost of Cyber Crime Study from HP Enterprise Security and the Ponemon Institute has revealed just how costly it really is to U.S. organizations. The average annual cost of cybercrime is a whopping $15 million. That’s about a 20 percent year-over-year increase — and an 82 […]
While reputational risk is the No. 1 nonfinancial concern among corporate directors, cybersecurity/IT risk is gaining steam. In fact, both private companies and organizations with more than $1 billion in revenue felt they were more at risk from cybersecurity than reputation issues, according to the results of a new survey from accounting and advisory firm […]
Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday. The report from the Center for Strategic and International Studies (CSIS) said cyber crime was a growth industry […]
The numbers that caused the most concern were that, in spite of 77% of businesses admitting to being a victim of lost data within the last two years, 38% of them still lacked plans to respond to incidents. Even more surprisingly, a mere 17% of international businesses that took part in the research felt that […]