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Viewing posts tagged Information Security

are-companies-under-reporting-breaches

A while back, I read in Brian Krebs' blog that "colleges and universities were more than twice as likely to report a breach as any other entity, followed by government agencies (17 percent) and businesses (15 percent)." (Emphasis mine.). A well-worded sentence that got me to wondering if significant under-reporting occuring.

how-much-to-spend-on-information-security-no-more


I have just finished reading Gordon &Loeb's Managing Cybersecurity Resources: A Cost-Benefit Analysis and I highly recommend it for information security professionals seeking to learn more about the economics of information security.

banks-slow-intrabank-transfers-to-help-spot-fraud

According to Gartner, four UK banks have slowed intrabank transfers to try to reduce fraud.

bounty-hunters-pay-for-performance-economics-and

There have been some interesting discussions about incenting judges to set bails appropriately and on the impact commercial bail bondsmen have on the 'failure to appear' rates. I first read about it in the Financial Times Undercover Economist column. The original post I found on Marginal Revolution

data-leakers-suffer-8-percent-drop-in-revenue

Computer World has an article about a recent study by the IT Policy Compliance Group which offers some interesting data points:

  • Organisations that experience publicly reported data breaches suffer an 8% loss of revenue.
  • Compounding the revenue and customer losses are additional expenses averaging US$100 per lost or stolen customer record to notify customers and restore data.
  • Best-in-class organisations are monitoring and measuring controls and procedures to protect sensitive data once a week, while most firms are conducting such measurements only about once every 176 days.
The full report is only available to members, which is too bad. It would be nice to see how many data points they had, etc to compare it to other studies that have analyzed the economic impact of security breaches. If any body has mroe info, please post in the comments!

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