An industrial maintenance and construction firm in Tennessee is suing its bank to recover $327,000 in stolen funds, according to a Krebs On Security report. If the lawsuit proceeds to trial, it could be easier and cheaper for cyber attack victims to recover losses.
The tool does not require identifying information, and it does not collect data without opt-in permission.
Tool users, including information-security, risk, financial and other senior executives, can input a range of expenses and estimated costs for either a specific scenario or actual breach, and the app, sponsored by Booz Allen Hamilton, would generate a comprehensive report explaining the total cost and enabling a cost-benefit analysis of security strategies.