Cyber Security: Cost of Data Breaches, PCI Court Challenge, Role of Cyber Insurance and Cyber Attack Update

The Cost of Data Breaches to US Companies At present, every U.S. state has a data breach notification law except for Alabama, Kentucky, New Mexico and South Dakota.  A Ponemon Institute study found that: in 2012 data breaches cost companies $188 per record compromised or $5.4 million on average; A plurality of the breaches (41…

Cyber Attacks Jump 81 Percent in 2011, ISSA Summit and April Targets

 Cyber Attacks Jump 81 Percent in 2011 Symantec’s annual internet security threat report reports that Symantec blocked over 5.5 billion attacks in 2011 – an increase of 81 percent.  The report also details that hackers exposed 187 million identities in 2011; mobile vulnerabilities increased 93 percent and advanced targeted attacks spread to organizations of all…