A string of recent reports spotlight the reputational risks of mishandling confidential or personal information. For example, two MIT graduate students collected 158 hard drives from eBay and other resellers and found that over 30 percent contained sensitive information, including credit card numbers. A team of University of British Columbia graduate students recently found information about defense contracts between the Pentagon, Department of Homeland Security and Northrop Grumman, a large military contractor as well as credit card
Data security breaches have the potential to cripple a business. The fallout from the loss of sensitive data for example, could include legal costs, lost revenue from customer deflections and the need to repair a damaged reputation. http://www.techradar.com/news/world-of-tech/roundup/data-security-and-your-business-supplier-1111188
A recent Forrester report suggests most corporate data loss and security breaches come from risky employee behavior as well as an organization’s inability to implement comprehensive IT security policies. The report finds most data breaches result from stolen or lost mobile devices, compromise of other data-bearing devices, or misuse of corporate data assets by employees. http://midsizeinsider.com/en-us/article/most-data-breaches-caused-by-employees
Cloud computing does not always prove to be an ecological choice. New research compiled by the WSP Environment & Energy and the Natural Resource Defense Council shows that cloud is not always as efficient for IT solutions for SMEs. http://cloudtimes.org/2012/10/28/how-green-is-cloud-computing-new-study/
The Internet revolution might have revolutionized how we live and communicate, but it’s also had a rather more insidious effect on our environment. Strange as it might sound, our rush to buy new laptops and phones – while chucking our old ones into the trash – has led to a new eco disaster in the making. Read more: http://www.businessinsider.com/the-lesser-known-facts-about-e-waste-recycling-2012-10#ixzz2AtdG7hBc
The latest updates to the federal tally of major health information breaches confirm that the loss and theft of unencrypted devices continue to plague the industry. Eight of the 10 incidents added to the tally in the past month involved lost or stolen unencrypted computing devices, including six laptop thefts. Since federal regulators began tracking major breaches in September 2009, about 54 percent of incidents have stemmed from lost or stolen unencrypted devices or storage media. http://www.govinfosecurity.com/stolen-devices-persistent-problem-a-5133
The average insurance cost per data breach incident increased sharply from $2.4 million in 2010 to $3.7 million in 2011, according to a new NetDiligence study released Tuesday.