Virtual security and digital panic

Monday, 15 October 2007, 9:07 AM EST

Despite news of high-profile attacks and security loopholes, many within Central and Eastern Europe are still woefully unaware of the many security and privacy issues facing them, foremost because most don't devote enough time to familiarizing themselves with such issues. Others, meanwhile, realize that security and privacy issues are important but have still not realized the full extent of the dangers they face. At a press conference held during the ITBN, representatives of Cisco, McAfee, ICON and Symantec revealed that small firms spend only between 30-60% of what large firms spend on data and network security.

At TP.

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Spotlight

Total cost of average data breach reaches $3.8 million

The average consolidated total cost of a data breach is $3.8 million, according to a Ponemon Institute study of 350 companies spanning 11 countries. The average cost incurred for each lost or stolen record containing sensitive and confidential information increased from $145 to $154.


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