Tag Archives | ponemon

Global Cost of Cyber Crime to Hit $6 Trillion in 2016

The global cost of cyber crime, according to a recent study by Cybersecurity Ventures and the Ponemon Institute, could reach $6 trillion before the end of 2016. While $6 trillion may seem a little high, more than a trillion isn’t unlikely either. A report out by Cybersecurity Ventures predicts global annual cybercrime costs will grow […]

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Ponemon Report on Patient Privacy and Data Security

The Ponemon Institute just released their 4th Annual Report on Patient Privacy and Data Security sponsored by ID Experts.  The report has some surprising and interesting findings as to the state of healthcare privacy and security: Employee negligence: 75 percent reported employee negligence as their biggest worry, and insider negligence was the root of most […]

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Key Points on the Ponemon Study on Patient Privacy

Richard Santalesa over at the InfoLawGroup has a great outline of the recent Ponemon report.  He lists several important findings and is a great synopsis if you don’t want to read the whole thing.  Here are some of his thoughts: The ability to prevent and detect data breaches has made strides, but is far from […]

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Newly Released Ponemon Report: Healthcare Data Breach on the Rise

It’s that time of year again, where we look back at 2012 and assess the damage.  Last week saw the release of the Third Annual Benchmark Study on Patient Privacy & Data Security by Ponemon Institute, sponsored by ID Experts.  The report has some interesting findings about the state of healthcare patient privacy and frequency […]

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Data Breach from Global Payments cost estimate comes in at $84.4 million

Today several news sites have reported the Global Payments data breach comes in at $84.4 million based on cost estimates that GP endured through expenses relating to digital forensics, fines, and remediation.     Unless you have the memory of a goldfish, you’ll remember this Global Payments data breach kept getting bigger and bigger.  Coming in at […]

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New software tool for healthcare data breach risk assessments

ID Experts today announced RADAR (HITECH Data Breach Risk Assessment, Documentation and Reporting), the industry’s first expert software tool to measure a data breach incident’s risk index (IRI) by combining the severity of the episode and the sensitivity of the exposed data to quantify the incident’s overall harm threshold.  Designed for healthcare providers, HIPAA covered […]

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Customer Churn Main Data Breach Cost Driver

The Ponemon Institute released their 5th annual 2009 Annual Study: Cost of Data Breach last month.  This year, the report explored several new areas and came up with some interesting and in some cases surprising conclusions. These include: – A large proportion (82%) of organizations surveyed experienced at least one data breach of 1,000 or […]

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Reduce the Impact of a Data Breach

“Thirty-one percent of customers—nearly one-third of a company’s client base and revenue source—are terminating their relationship with organizations following a data breach, according to a recent study by the Ponemon Institute.” Rick Kam, president of ID Experts provides guidance in a recently published article in CSO Magazine titled “How to Minimize the Impact of a […]

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Countrywide Breach Affects Millions

by Doug Pollack The Los Angeles Times last week reported that Mortgage firm Countrywide, in response to alleged data breach, offers free credit monitoring.” They report that personal information including social security numbers have been stolen from over 2 million Countrywide mortgage applicants over a period fo some two years. This situation highlights the risks […]

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Importance of Prompt Breach Notification

It was reported yesterday by TheDay in Connecticut that People’s United Bank recently experienced a data breach that may affect hundreds of thousands of their customers. An affiliated third party had created unencrypted backup tapes with personal information of their customers and a box of these tapes was misplaced. This situation provides a great case […]

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