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Ponemon Report Shows Sharp Rise in the Cost of Data Breaches

Posted on October 24, 2006December 30, 2021 by admini

The Ponemon Institute analyzed 31 different incidents for the study.

Total costs for each ranged from less than $1 million to more than $22 million.

“Once again, the Ponemon survey illuminates the high costs companies will incur for failing to protecting their customers’ data,” said Andrew Krcik, vice president of marketing for PGP Corporation. “In light of these findings, it’s not surprising that companies such as PGP Corporation and Vontu are seeing an increasing shift to preventative solutions.”

“The new Ponemon study confirms what we hear every day from our enterprise customers, that they simply cannot afford to allow confidential data loss to continue,” said Steve Roop, vice president of products and marketing, Vontu.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-23-2006/0004456875&EDATE=

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IP Theft Up in First Half of Year: Report

Posted on October 24, 2006December 30, 2021 by admini

International Chamber of Commerce, ranks the United States at the top of the list, citing 205 violations and $51.7 million in losses. The United Kingdom ranked second, with 116 reported violations costing $31.1 million. Next is India, with 87 incidents at $2.5 million; Malaysia, 52 incidents costing $5.9 million; and China, 43 incidents at $5.3 million.

The study indicates manufacturers of fake goods are increasingly finding new ways to exploit Internet marketing to reach consumers, retailers, and distributors.

http://www.darkreading.com/document.asp?doc_id=108156&WT.svl=cmpnews1_2

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Zombies continue to chase Windows PCs

Posted on October 24, 2006December 30, 2021 by admini

Of 4 million Windows PCs found to be infected with some kind of malicious software in the first half of this year, about 2 million were running malicious remote control software, Microsoft said. The data is collected by Microsoft’s free Windows Malicious Software Removal Tool, which runs when security updates are installed on Windows PCs.

While the number is high, it is actually a decrease from the second half of 2005, when Microsoft found that 68 percent of infected PCs contained a backdoor Trojan. Meanwhile, hackers are trying harder to make their networks of hijacked computers go unnoticed by moving to new Web-based techniques.

A computer compromised by such a Trojan horse, popularly referred to as a zombie PC, can be used by miscreants in a network of bots, or “botnet,” to relay spam and launch cyberattacks. Additionally, hackers often steal the victim’s data and install spyware and adware on PCs, to earn a kickback from the spyware or adware maker.

Rootkits, which make system changes to hide another piece of possibly malicious software, remain an uncommon threat. There has been a 50 percent reduction in this kind of attack against computers running Windows during the past six months, Microsoft said.

Microsoft introduced the Windows Malicious Software Removal Tool in January last year. An updated version of the program ships monthly with Microsoft’s security updates. The tool aims to identify and remove prevalent malicious software from PCs.

http://news.com.com/Zombies+continue+to+chase+Windows+PCs/2100-7349_3-6129235.html?tag=nefd.top

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Critics concerned over Vista security changes

Posted on October 23, 2006December 30, 2021 by admini

Windows Vista is due out to consumers at the end of January 2007, and incorporates several security technologies including PatchGuard, which prevents third parties from modifying the core system software.

“With antitrust concerns temporarily satisfied, Microsoft may feel less pressure to make kernel modifications quickly,” MacDonald wrote.

A number of security companies have taken Microsoft to task for its PatchGuard protections, because it limits their ability to offer enhanced security for 64-bit computer systems, which are being quickly adopted by consumers and corporations.

http://www.securityfocus.com/brief/335

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Techniques For Measuring IT’s Effectiveness

Posted on October 23, 2006December 30, 2021 by admini

Mark Nadeau, director of CRM, explains that APC’s culture is geared toward avoiding failure because its business is selling uninterruptible power supplies. Uninterruptible customer satisfaction–that’s a business every company should be in.

You know customer impact is critical to your company’s strategy, but how do you get there? Force the IT department to take on high-impact projects. Vanguard plots each IT project in one of nine boxes on a grid, with low, medium, and high ratings for client impact and operational impact, meaning increased revenue or lower cost.

Heller sets a goal for what percentage of spending falls in each box and gets a warning on his dashboard if he’s not spending on projects with high client impact.

Knowing that, CIO Catherine Boivie can make a business case to expand the e-claims system by comparing the costs for a system upgrade with the personnel costs for handling claims manually.

EMC wanted to see what effect near-shore contractors would have on an internal project to deploy Automatic Data Processing’s general ledger applications at the company’s offices in Brazil. “The knowledge of local needs, challenges, obstacles are key to the overall success of territory-specific projects,” he says. The lessons learned there are helping determine the mix of in-house and outsourced staffers for other IT initiatives.

Avnet business unit and IT managers jointly prioritize IT projects based on how quickly they can save money or deliver value to the company.

Stuart Madnick, a professor of IT at MIT’s Sloan School of Management, and associates are developing a methodology that compares IT security measures taken by an organization and the perception that employees and managers have of the current state of security. One survey showed a gap of 0.78 on people’s awareness of good security practices and a gap of 1.08 on whether they followed those practices.

Before implementing CMMI, the interface development team’s performance in meeting the model’s best practices was inconsistent. This is a critical issue for Vanguard Group, since the mutual fund company does about 80% of its interactions over the Web. So when it adds a feature, Vanguard tracks how many people start using the feature, how many get through the process, and how many drop out and where.

At Global Crossing, IT staff now accompany salespeople when meeting with customers and prospects. The rationale is that no one is better prepared to explain the company’s IP-based services than the IT experts who are responsible for managing its network. And CIO Dan Wagner isn’t making this some high-minded, fuzzy goal. The tally after the first three quarters of the year: Developers have attended 175 sales calls; operations people, 125 sales calls; and security staffers, 75 sales calls. Global Crossing CIO Wagner calls the new stuff “strategic software development”; Hewlett-Packard CIO Randy Mott refers to it as innovation.

http://www.informationweek.com/shared/printableArticle.jhtml?articleID=193401034

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Crisis Plans Undercut

Posted on October 20, 2006December 30, 2021 by admini

Seventy-eight percent of 75 senior IT and business continuity professionals (8 percent of whom represent financial services organizations) surveyed report that their organizations have installed or are in the process of upgrading technology to support telecommuting or remote customer access in case of a disaster. However, only 9 percent of…

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