The economics of information security

Tuesday, 20 April 2004, 2:53 AM EST

As any victim of a significant information security attack will tell you, there's a financial dimension to cybercrime. And those companies intent on not being victimized must pay a hefty price, too: Security measures are costly, and so are the salaries of the IT professionals who manage them.

Unfortunately, relatively little attention has been paid to economics, and to the applied financial practices that grow out of economics, when it comes to information security. In 2003, the annual CSI/FBI Computer Crime and Security Survey reported average losses per respondent of about $800,000. In fact, the real headline should be that even those loss totals don't do justice to the magnitude of information security crime and related costs. (See "The True Cost of Cybercrime" for economist Martin P. Loeb's reckoning of indirect costs and their impact.)

By Lawrence A. Gordon and Robert Richardson at Security Pipeline.

[ Read more ]




Spotlight

USBdriveby: Compromising computers with a $20 microcontroller

Posted on 19 December 2014.  |  Security researcher Samy Kamkar has devised a fast and easy way to compromise an unlocked computer and open a backdoor on it: a simple and cheap ($20) pre-programmed Teensy microcontroller.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Dec 19th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //