More than three-quarters (88%) of hackers can break through cybersecurity defenses and into the systems they target within 12 hours, while 81% say they can identify and take valuable data within another 12 hours, even though the breach may not be discovered for hundreds of days.
The cost of a typical cyber breach to an American company is much less than generally estimated, providing one possible explanation for why companies do not invest more to improve computer security, according to a new RAND Corporation study.
Your company may think it has adequate insurance coverage for a network breach, but there’s a good chance that it does not. According to the findings of a recent UK government report, over half of the companies surveyed thought they had the right coverage in place, while only 10 percent actually did. Another sizable group of those surveyed responded that they had no idea which of the many cyber risks facing their company even could be insured.
More than 300,000 personal records for faculty, staff and students who have received identification cards at the University of Maryland were compromised in a cybersecurity breach this week, according to school officials.
Private industries need to join the fight against terrorist ideologies, says Financial Integrity Network Chairman Juan Zarate. Read how in the July edition of Security magazine. This issue also includes guidance about CSO compensation and salary, banking security, emergency notifications and more.