In October, the Ponemon Institute estimated the average annual cost of cybercrime for large U.S. companies to be $15.4 million. That figure is up 19 percent from last year and up 82 percent from the institute’s first study six years ago. The study examined the total cost of responding to cybercrime incidents, including detection, recovery, investigation and incident-response management. Researchers also examined expenses after events designed to prevent additional costs stemming from the potential loss of business or customers, such as those seen in widely reported breaches at Target, Home Depot and Sony Pictures.
Earlier this year, the Department of Justice Computer Crime & Intellectual Property Section (CCIPS) Cybersecurity Unit issued guidance on best practices for responding to data breaches when companies find themselves victims to these cybercrimes. The document, assembled with the insight of federal prosecutors and investigators, as well as with input from private organizations which have experienced and managed cyber threats and cybercrimes, offers valuable information for companies to consider in crafting their data protection policies.
The DOJ’s “best practice” guidance is divided into four parts:
Johanna Cano - Oct 22, 2018
Christina Haley O'Neal - Oct 22, 2018
Robert McIntosh, owner of Coastal Cell Phone Repair in Wilmington, made a lot more “friends” than he expected during Hurricane Florence....
As Ian Archibald awaited the arrival of a State Farm Insurance adjuster at his Wilmington home on Oct. 9, his mind was also on a much more d...
Cardinal Foods LLC has expanded a market and operations for local farmers under the leadership of Corey Barnhill, founder, president and CEO...