MAGAZINE - Realview
MAGAZINE - Realview
MAGAZINE - Realview
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RESEARCH<br />
INSIDER THREAT<br />
• US organisations lost 7 per cent of their annual revenues<br />
to fraud committed by employees between 2006<br />
and 2008, for an estimated total cost of $US994 billion<br />
in losses.<br />
(Association of Certified Fraud Examiners, 2008 Report to<br />
the Nation on Occupational Fraud & Abuse)<br />
DATA BREACHES AND DATA LOSS<br />
• The average cost per compromised record is $US202.<br />
• The average cost of a data breach to an organisation is<br />
$US6.65 million.<br />
• Lost business and customer churn account for nearly<br />
70 per cent of the costs of a data breach.<br />
• Healthcare and financial services organisations lose the<br />
most customers following a data breach.<br />
(Ponemon Institute)<br />
• Seventy-four per cent of data breaches resulted from<br />
external sources; 20 per cent were caused by insiders.<br />
• Thirty-eight per cent of data breaches involved the installation<br />
of malware on a system or network.<br />
• Cardholder data was compromised in 81 per cent of<br />
breaches; personally identifiable information was compromised<br />
in 36 per cent; and intellectual property in<br />
13 per cent.<br />
• The value associated with selling credit card data has<br />
dropped from between $US10 and $US16 per record<br />
in mid-2007 to less than $US0.50 per record today.<br />
(Verizon Business)<br />
IDENTITY THEFT<br />
• One in five online consumers has been a victim of cybercrime<br />
in the last two years to the tune of an estimated<br />
US$8 billion.<br />
• 1.2 million consumers have had to replace their computers<br />
over the past two years due to software infections.<br />
(Consumer Reports National Research Center, Consumer<br />
Reports State of the Net 2009 Report)<br />
• Eighty-five per cent of respondents in the 2009 Consumer<br />
Awareness Survey expressed concern about the<br />
safety of sending information over the internet.<br />
• Fifty-nine per cent of respondents expressed a need for<br />
improvement in the protection of the data they submit<br />
over websites.<br />
(Identify Theft Resource Center)<br />
Are you ready for some scary statistics? RSA, the security<br />
division of EMC, has just released its third quarter Security<br />
Statistics Review. Here are some of the more frightening<br />
findings.<br />
• Internet fraud increased 33 per cent in 2008 over 2007.<br />
• Fraud losses in the US reached a record high in 2008.<br />
(Internet Fraud Complaint Center [FBI], 2008 Internet<br />
Crime Report)<br />
• Online banking fraud losses totalled £52.5 million in<br />
2008 – a 132 per cent increase from 2007 losses.<br />
(APACS [UK Payment Card Association])<br />
32 RISK August 2009