Credit and debit card fraud tops Americans' security concerns in 2014, against a recent backdrop of major retail and banking security breaches, according to the 2014 Unisys Security Index.
According to the Ponemon Institute's ninth annual Cost of Data Breach Study, the consolidated total cost of a data breach increased 15% in the last year, to $3.5 million.
Headlines continue to highlight data breaches, especially those compromising payment, banking and personal data.
The silver lining to the breaches, according to the ACI report, is that although data breach-related fraud has had a negative impact on banks’ and financial institutions’ bottom lines, more than 40 percent of respondents indicated that their customers have appreciated the proactive outreach and response to market events, which helps to keep financial institutions on the right side of customer satisfaction, rebuilding brand trust.
As U.S. and Canadian businesses plan to expand their business overseas this year, supply chain failures, data breaches and political instability are weighing heavily on the minds of their executives, according to a survey.
Nearly half (45%) of the executives surveyed noted that overseas risks pose a greater threat to their company than domestic ones, while one-third (33%) reported that overseas risks are an equal threat. In addition, nearly half (48%) of the companies had experienced at least one loss related to conducting business overseas over the last three years.
A new Ponemon Institute survey suggests key cybersecurity deficits, disconnects and low attack visibility in many enterprises.
The survey of nearly 5,000 global IT security professionals reveals a deficit in enterprise security systems, a disconnect in how confidential data is valued and limited visibility into cybercriminal activity. The report gives new insight into why cybercriminals have a foothold in the broader enterprise.
Verizon’s 2014 Data Breach Investigations Report, obtained early by FedScoop, identified nine overall threat patterns by collating 10 years of data, and Verizon researchers have now mapped those specific threat patterns to specific industries.