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"The hacker's access virtually goes unnoticed by the victim but it's devastating for the security of any applications that are installed." Robson said.
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Poor Security puts Brisbane’s internet connections at risk.
More than half of Brisbane's home-based wireless internet networks are at risk of being hacked, police have warned.
A recent "wardriving" operation in 25 streets in suburban Paddington revealed 1100 wireless computer networks, of which more than 50 per cent were considered vulnerable.
Det-Supt Brian Hay, of the fraud squad, said the exercise showed “poor internet security was a far bigger (problem) then we ever imagined.”
He said most people using the unsecured networks would be simply enjoying free net access.
“But criminals could hack into the system to get access into your computer to have a look at your financial details or documents you’ve got there or to secrete or plant some malware.”
Hay said police knew some “wardrivers” – people who drive around searching for wi-fi networks – were selling details to other fraudsters.
“People who get caught using someone elses wi-fi without consent face up to two years in jail, or more if they gain financial benefit from it.”
2008 Ponemon Study Shows Data Breach Costs Continue to Rise with Significant Increases in Cost of Lost Business.
Ponemon Insitute announced results of their annual 'Cost of a Data Breach Study' for 2008. Studies were conducted in USA, UK and Germany.
Key findings from the US:
Average total per-incident costs for an organization in 2009 were $6.65 million, compared to an average per-incident cost of $6.3 million in 2007.
- Healthcare and financial services companies experienced the highest churn rate, or customer loss - 6.5% and 5.5% respeictively, on a total average of 3.6%
- Third-party organisations accounted for more than 44% of all fcases in the 2008 study and are also the most costly form of data breaches.
- More than 84% of 2008 cases involved organizations that had more than one data breach.
- More than 88% of all cases in this year’s study involved insider negligence.
- More than half of respondents believe that training and awareness programs assist in preventing future breaches and 44% have expanded their use of encryption.
Key findings in the UK:
- The total cost of a data breach for an organisation ranged from £160k to £4.8 million, with an average cost of £60 per customer record – a 28% increase on 2007’s figure.
- 53% of reported costs were due to lost business, suggesting that the UK public cares deeply about the loss or theft of their personal information.
- 70% of all cases in this year’s study involved insider negligence, emphasising that more needs to be done to educate staff on the importance of safeguarding information.
- 33% of data breach cases in 2008’s study resulted from third-party errors.
- Data breaches involving outsourced data to third parties are the most costly – £67 per victim, as opposed to just £56 per victim when third parties were not involved
In Germany:
- The average cost of a data breach is € 112 per data record affected. The total cost per data breach in the organisations covered by this study was between € 267,000 and € 6.75 million, with the average being over € 2.41 million.
- Expenditure on notification averaged € 4 per endangered data record or € 80,000 per data breach. These comparatively low costs result from the insufficiently legislated obligation to publicise information in the event of a data breach in Germany.
- Data breaches with mobile devices are more expensive, lost or stolen laptop costs averaged € 123.63 per data record affected compared with € 106.85 for other data breaches.
- The cost per compromised data record for companies’ experiencing a data breach for the first time, was € 125.44, whilst companies with experience of a data breach only had to pay € 89.62 per data record.
- One company in the study suffered an 8% increase in customer loss.
- 54% of companies are implementing initiatives for improved control of the data flow so as to prevent future data breaches.
The annual Cost of a Data Breach Study tracks a wide range of factors, including the expenses incurred for detection, escalation, notification and response along with legal, investigative and administrative expenses, customer defections, opportunity loss, reputation management, and costs associated with customer support such as information hotlines and credit monitoring subscriptions.
A copy of the 'Cost of Data Beach Study for the US, UK or German, may be obtained from PGP Corporation.
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