Saturday, March 24, 2012

Ponemon Report - Malicious Insider are the Real Danger

The Ponemon annual report on the cost of a data breach states that "Companies who are not able to manage your data are viewed as less trustworthy."

This would explain why heavily regulated organizations, such as financial services and healthcare organizations, are reported to have higher breach costs than normal.
"It’s really the malicious insider – someone who’s nefarious or angry at the organization – that presents the real danger to the company." - Larry Ponemon, chairman and founder of the Ponemon Institute
The seventh annual U.S. Cost of a Data Breach report from Ponemon Institute examined the 2011 data breach experiences of 49 U.S.-based organizations and interviewed a total of 400 people with direct knowledge of the IT, information security, and data breach cleanup efforts at those organizations.
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Sources:
(a) Ponemon Annual U.S. Cost of a Data Breach - Ponemon, March 20, 2012

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