Focus turned on security officials

Thursday, 11 July 2002, 12:22 AM EST

The Office of Management and Budget's new guidance, released July 2, builds on baseline created from the first reports submitted last year under the Government Information Security Reform Act (GISRA) of 2000. That law requires federal chief information officers and inspectors general to perform annual evaluations of agency information security practices and report the results to OMB, which will then provide a summary to Congress.

OMB submitted the fiscal 2001 report to Congress in February.

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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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