The document summarizes a study on the costs associated with lost or stolen laptops. Some key findings:
- The average cost of a lost laptop is $49,246, with the largest cost coming from potential data breaches (80% of costs).
- Costs are higher for lost laptops of managers/directors than executives. Industries like services, financial services, and healthcare saw higher average costs.
- Encryption can reduce costs by over $20,000 on average, while full backups paradoxically increase average costs. Faster detection of loss also reduces costs.
The 2013 Cost of Data Breach Study: France found that the average cost of a data breach in France increased from €122 per lost or stolen record in 2011 to €127 per record in 2012. The total average organizational cost of a data breach also rose over this period, from €2.55 million to €2.86 million. Malicious attacks were the most common cause of breaches, accounting for 42% of cases. Lost business costs, which include customer churn, increased sharply from €0.78 million in 2011 to €1.19 million in 2012. Certain organizational factors like having an incident response plan in place were found to lower the costs of a breach.
Forrester Report: The Power Of Real-Time InsightSAP Concur
In a survey of 348 financial decision-makers around the world, Forrester found that T&E is the second most difficult item for companies to control. Most firms wait for their employees to manually enter their T&E data after the expenditure is already made so that the resulting T&E reporting process focuses on retrospective compliance and budgeting. Analysis of T&E trends and potential cost optimization, if done at all, is done primarily via spreadsheets.
InsideARM Debt Settlement Survey and White PaperVivastream
The document summarizes the key findings of a survey conducted by InsideARM about how the debt settlement industry is utilized by creditors and collectors to increase collections. Some of the main findings include:
- Nearly half of survey respondents currently work with the debt settlement industry, indicating growing acceptance of this channel. Collection agencies make most use of debt settlement compared to other types of firms.
- Concerns about the reputation of the debt settlement industry have decreased, while compliance, data security, and performance are now larger priorities. Many firms would work with debt settlement if given a secure data repository.
- Most firms only work with a small number (10 or fewer) of debt settlement companies due to challenges managing hundreds of companies
Offshore Insights Research & Solutions Private Limited plans to conduct several syndicated research surveys in 2012 to gather information from IT and business decision makers. The surveys will include large phone surveys of 300-350 respondents across North America and Europe, as well as 200-250 product leaders across various industries. The surveys will cover topics like budgets, spending trends, offshoring plans, and adoption rates of emerging technologies. Additional smaller surveys will focus on specific themes throughout the year, such as mobility, social media, intellectual property, and analytics. All surveys will use a methodology combining phone interviews and follow-up qualitative interviews to obtain a representative sample across industries and geographies.
IRJET- A Review Paper on Insurance Telematics for Vehicle InsuranceIRJET Journal
This document reviews previous research on insurance telematics for vehicle insurance. It begins with an abstract that outlines how vehicle insurance provides economic protection against accidents but current pricing models charge all drivers the same regardless of mileage or driving behavior. It then reviews literature on usage-based insurance models that base premiums on mileage (PAUD) or driving behavior (PHUD) monitored via telematics. Gaps in previous research are identified as a lack of automatic data collection, continuous driver monitoring, differentiation of safe/unsafe drivers, and alcohol detection. The document proposes future research objectives to address these gaps such as developing systems for automatic tracking, continuous monitoring, differentiation of drivers, and alcohol testing to provide more accurate risk assessment for insurance companies.
This document summarizes findings from interviews with 15 technology companies about their intellectual property (IP) management practices. The key findings are:
1) Most companies develop IP primarily through internal research and development, though smaller firms more actively seek external technologies. Joint ventures and company acquisitions are also important sources of external IP.
2) Companies manage IP through centralized or decentralized structures. Centralized structures use cross-divisional committees to review IP, while decentralized structures rely on division managers.
3) IP donations do not appear to be a major practice currently, as tax benefits have diminished and valuation costs are high.
The residents of communities that will be affected by the Bui Dam in Ghana have several concerns about being resettled. They worry about when and where they will be relocated, how they will sustain themselves without access to fishing, whether their children will have schools, and if their way of life and culture can be maintained. While they accept that they must move, they want to ensure their future livelihoods and quality of life will not be negatively impacted.
The document discusses the challenges of developing web applications compared to traditional client-server applications. It notes that web applications are more complex due to their three-tier architecture, stateless nature, and other factors. It then explains how application generation software can help accelerate development by generating much of the code for applications. Application generation has become more viable due to standardization in areas like user interfaces, application integration, and databases. The document is a white paper from Iron Speed that promotes their application generation system for quickly developing web applications.
The 2013 Cost of Data Breach Study: France found that the average cost of a data breach in France increased from €122 per lost or stolen record in 2011 to €127 per record in 2012. The total average organizational cost of a data breach also rose over this period, from €2.55 million to €2.86 million. Malicious attacks were the most common cause of breaches, accounting for 42% of cases. Lost business costs, which include customer churn, increased sharply from €0.78 million in 2011 to €1.19 million in 2012. Certain organizational factors like having an incident response plan in place were found to lower the costs of a breach.
Forrester Report: The Power Of Real-Time InsightSAP Concur
In a survey of 348 financial decision-makers around the world, Forrester found that T&E is the second most difficult item for companies to control. Most firms wait for their employees to manually enter their T&E data after the expenditure is already made so that the resulting T&E reporting process focuses on retrospective compliance and budgeting. Analysis of T&E trends and potential cost optimization, if done at all, is done primarily via spreadsheets.
InsideARM Debt Settlement Survey and White PaperVivastream
The document summarizes the key findings of a survey conducted by InsideARM about how the debt settlement industry is utilized by creditors and collectors to increase collections. Some of the main findings include:
- Nearly half of survey respondents currently work with the debt settlement industry, indicating growing acceptance of this channel. Collection agencies make most use of debt settlement compared to other types of firms.
- Concerns about the reputation of the debt settlement industry have decreased, while compliance, data security, and performance are now larger priorities. Many firms would work with debt settlement if given a secure data repository.
- Most firms only work with a small number (10 or fewer) of debt settlement companies due to challenges managing hundreds of companies
Offshore Insights Research & Solutions Private Limited plans to conduct several syndicated research surveys in 2012 to gather information from IT and business decision makers. The surveys will include large phone surveys of 300-350 respondents across North America and Europe, as well as 200-250 product leaders across various industries. The surveys will cover topics like budgets, spending trends, offshoring plans, and adoption rates of emerging technologies. Additional smaller surveys will focus on specific themes throughout the year, such as mobility, social media, intellectual property, and analytics. All surveys will use a methodology combining phone interviews and follow-up qualitative interviews to obtain a representative sample across industries and geographies.
IRJET- A Review Paper on Insurance Telematics for Vehicle InsuranceIRJET Journal
This document reviews previous research on insurance telematics for vehicle insurance. It begins with an abstract that outlines how vehicle insurance provides economic protection against accidents but current pricing models charge all drivers the same regardless of mileage or driving behavior. It then reviews literature on usage-based insurance models that base premiums on mileage (PAUD) or driving behavior (PHUD) monitored via telematics. Gaps in previous research are identified as a lack of automatic data collection, continuous driver monitoring, differentiation of safe/unsafe drivers, and alcohol detection. The document proposes future research objectives to address these gaps such as developing systems for automatic tracking, continuous monitoring, differentiation of drivers, and alcohol testing to provide more accurate risk assessment for insurance companies.
This document summarizes findings from interviews with 15 technology companies about their intellectual property (IP) management practices. The key findings are:
1) Most companies develop IP primarily through internal research and development, though smaller firms more actively seek external technologies. Joint ventures and company acquisitions are also important sources of external IP.
2) Companies manage IP through centralized or decentralized structures. Centralized structures use cross-divisional committees to review IP, while decentralized structures rely on division managers.
3) IP donations do not appear to be a major practice currently, as tax benefits have diminished and valuation costs are high.
The residents of communities that will be affected by the Bui Dam in Ghana have several concerns about being resettled. They worry about when and where they will be relocated, how they will sustain themselves without access to fishing, whether their children will have schools, and if their way of life and culture can be maintained. While they accept that they must move, they want to ensure their future livelihoods and quality of life will not be negatively impacted.
The document discusses the challenges of developing web applications compared to traditional client-server applications. It notes that web applications are more complex due to their three-tier architecture, stateless nature, and other factors. It then explains how application generation software can help accelerate development by generating much of the code for applications. Application generation has become more viable due to standardization in areas like user interfaces, application integration, and databases. The document is a white paper from Iron Speed that promotes their application generation system for quickly developing web applications.
The document is a research report that compares insurance protection for tangible versus intangible assets. Some key findings:
1) Information assets are valued slightly higher on average ($1.082 billion) than tangible property, plant, and equipment ($947 million) but have much lower insurance coverage (15% vs 59%).
2) The potential maximum loss from information assets being stolen or destroyed is estimated to be higher on average ($979 million) than potential losses from tangible assets ($770 million).
3) Despite higher risks and potential losses to information assets, companies are reluctant to purchase cyber insurance and many would not disclose material losses of information assets in financial statements like they would for tangible assets.
The document discusses the significant costs organizations face when data is lost or leaked, including direct costs of remediation efforts that average $4.8 million per incident, as well as indirect costs such as lost business and opportunities that can total over $120 million for an organization with $1 billion in annual sales. It also outlines how the costs of a data leak are not a one-time expense and can negatively impact a company's finances and reputation for many years after the initial incident. Implementing a data loss prevention solution provides a clear return on investment by helping avoid the immense costs associated with data leaks and breaches.
The document summarizes the key findings of a 2016 study on the cost of data breaches in Brazil conducted by IBM and Ponemon Institute. Some of the main findings include:
- The average per capita cost of a data breach for Brazilian companies increased significantly from R$175 to R$225. The total average organizational cost also rose from R$3.96 million to R$4.31 million.
- Malicious attacks were the leading cause of data breaches and had the highest per capita cost at R$256, followed by system glitches at R$211 and employee negligence at R$200.
- Certain industries like services, energy and financial services saw higher per capita costs above the
In an era of global connectivity, online information and systems are playing an increasingly central role in business. According to data from Cisco, worldwide internet-connected devices will reach 50 billion by 2020, and with 15 billion devices already in 2015 it is apparent that an increasing numbers of companies, systems and information are working online.
Cost of Data Breach Study in 2015 - United States - Presented by IBM and Pono...David J Rosenthal
IBM and Ponemon Institute are pleased to present the 2015 Cost of Data Breach Study: United
States, our 10th annual benchmark study on the cost of data breach incidents for companies
located in the United States. The average cost for each lost or stolen record containing sensitive
and confidential information increased from $201 to $217. The total average cost paid by
organizations increased from $5.9 million to $6.5 million.
Ponemon Institute conducted its first
Cost of Data Breach study in the
United States 10 years ago. Since
then, we have expanded the study to
include the United Kingdom,
Germany, France, Australia, India,
Italy, Japan, Brazil, the United Arab
Emirates and Saudi Arabia, and for
the first time, Canada. To date, 445
US organizations have participated in
the benchmarking process since the inception of this research.
This year’s study examines the costs incurred by 62 U.S. companies in 16 industry sectors after
those companies experienced the loss or theft of protected personal data and then had to notify
breach victims as required by various laws. It is important to note the costs presented in this
research are not hypothetical, but are from actual data loss incidents. They are based upon cost
estimates provided by individuals we interviewed over a ten-month period in the companies that
are represented in this research.
The number of breached records per incident this year ranged from 5,655 to 96,550 records. The
average number of breached records was 28,070. By design, we do not include cases involving
more than 100,000 compromised records because they are not indicative of data breaches
incurred by most organizations. Thus, to include them in the study would artificially skew the
results.
This document summarizes the costs associated with ineffective business continuity programs. It finds that IT/telecommunications outages can cost organizations millions, with minor incidents costing on average $53,210 per minute of downtime. Data breaches and cyber attacks were found to cost on average $11.6 million annually according to one study. Adverse weather events in the US alone resulted in $12.8 billion in insurance payouts in 2013 according to one report. The document concludes by recommending that organizations strengthen their business continuity programs to reduce costs from disruptions.
2015 cost of data breach study global analysisxband
2015 Cost of Data Breach Study:
Global Analysis
By: Ponemon Institute
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
May 2015
The 2012 study found that the average annual cost of cybercrime for US companies was $8.9 million, a 6% increase from the previous year. Companies experienced 102 successful cyber attacks per week on average. The most costly attacks were denial of service attacks, malicious insiders, and web-based attacks. Information theft resulted in the highest costs, followed by costs from business disruption. The time to resolve attacks also increased costs.
This document summarizes the key findings of the 2012 Cost of Cyber Crime Study conducted by Ponemon Institute. The study found that the average annual cost of cybercrime for 56 US companies was $8.9 million, a 6% increase from 2011. Companies experienced 102 successful cyber attacks per week, on average. The most costly attacks were denial of service attacks, malicious insiders, and web-based attacks. Information theft resulted in the highest external costs, followed by costs from business disruption. The study also analyzed cybercrime costs for companies in the UK, Germany, Australia and Japan.
Apple is a leading technology company that designs and sells consumer electronics. It is analyzing entering the electronic equipment industry, which is large and growing globally. If it enters, Apple would use strategies like foreign outsourcing and exporting. It would need to analyze the industry, competitors like Samsung and Sony, and identify target customer segments. Apple's strong brand and innovation could help it succeed, but it faces threats from competition and needs to consider factors like price when entering new markets.
Discover how to improve the health of your desktop PCs and laptops through 1E Computer Health, and save your users time and your organization millions of dollars.
The document summarizes a study on the cost of cybercrime in Japan conducted in 2012. Some key findings include:
- The average annual cost of cybercrime per organization was 402 million yen, ranging from 53 million to 1.5 billion yen.
- Organizations experienced over 31 successful cyber attacks per week on average.
- The cost of cybercrime varied by organization size and industry, with larger organizations and those in technology and finance facing higher costs.
- Theft of information, business disruption, and denial of service attacks were among the most costly cybercrimes.
This document discusses the costs of software assets for organizations. It makes three key points:
1) Software assets represent a higher percentage of IT budgets than typically reported, around 30% on average, as many software costs are hidden in other categories like hardware and personnel costs. Understanding software asset costs is important for controlling them.
2) Software asset costs are growing rapidly, at an average of 9% per year, due to increased software demand from technology shifts and vendors increasing licensing complexity to drive additional revenue.
3) For each euro spent on software licenses, organizations can expect to pay another euro in maintenance costs, as vendors increase maintenance rates and shorten release cycles to boost profits. Unexpected license and compliance costs from aud
Aon Retail & Wholesale Inperspective Nov 2016Graeme Cross
A rapidly shifting social, business, political and economic environment is placing UK retailers on continuous watch as they adapt and react to new threats and challenges.
Historic risk management norms like crime and security are giving way to external threats in the registers of modern companies; but many of these are intangible such as protecting brand equity and are often considered very hard to measure or mitigate.
Meanwhile the increasing influence of technology affects almost every corner of the industry from distribution and the way shoppers interact with a brand; to the supply chain and its continuing search for peak efficiency.
As a result, technology, rather than store networks or stock, is becoming one of the single greatest assets and vulnerabilities identified by the industry’s risk management community.
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Similar to Cost of a lost laptop white paper final 3
The document is a research report that compares insurance protection for tangible versus intangible assets. Some key findings:
1) Information assets are valued slightly higher on average ($1.082 billion) than tangible property, plant, and equipment ($947 million) but have much lower insurance coverage (15% vs 59%).
2) The potential maximum loss from information assets being stolen or destroyed is estimated to be higher on average ($979 million) than potential losses from tangible assets ($770 million).
3) Despite higher risks and potential losses to information assets, companies are reluctant to purchase cyber insurance and many would not disclose material losses of information assets in financial statements like they would for tangible assets.
The document discusses the significant costs organizations face when data is lost or leaked, including direct costs of remediation efforts that average $4.8 million per incident, as well as indirect costs such as lost business and opportunities that can total over $120 million for an organization with $1 billion in annual sales. It also outlines how the costs of a data leak are not a one-time expense and can negatively impact a company's finances and reputation for many years after the initial incident. Implementing a data loss prevention solution provides a clear return on investment by helping avoid the immense costs associated with data leaks and breaches.
The document summarizes the key findings of a 2016 study on the cost of data breaches in Brazil conducted by IBM and Ponemon Institute. Some of the main findings include:
- The average per capita cost of a data breach for Brazilian companies increased significantly from R$175 to R$225. The total average organizational cost also rose from R$3.96 million to R$4.31 million.
- Malicious attacks were the leading cause of data breaches and had the highest per capita cost at R$256, followed by system glitches at R$211 and employee negligence at R$200.
- Certain industries like services, energy and financial services saw higher per capita costs above the
In an era of global connectivity, online information and systems are playing an increasingly central role in business. According to data from Cisco, worldwide internet-connected devices will reach 50 billion by 2020, and with 15 billion devices already in 2015 it is apparent that an increasing numbers of companies, systems and information are working online.
Cost of Data Breach Study in 2015 - United States - Presented by IBM and Pono...David J Rosenthal
IBM and Ponemon Institute are pleased to present the 2015 Cost of Data Breach Study: United
States, our 10th annual benchmark study on the cost of data breach incidents for companies
located in the United States. The average cost for each lost or stolen record containing sensitive
and confidential information increased from $201 to $217. The total average cost paid by
organizations increased from $5.9 million to $6.5 million.
Ponemon Institute conducted its first
Cost of Data Breach study in the
United States 10 years ago. Since
then, we have expanded the study to
include the United Kingdom,
Germany, France, Australia, India,
Italy, Japan, Brazil, the United Arab
Emirates and Saudi Arabia, and for
the first time, Canada. To date, 445
US organizations have participated in
the benchmarking process since the inception of this research.
This year’s study examines the costs incurred by 62 U.S. companies in 16 industry sectors after
those companies experienced the loss or theft of protected personal data and then had to notify
breach victims as required by various laws. It is important to note the costs presented in this
research are not hypothetical, but are from actual data loss incidents. They are based upon cost
estimates provided by individuals we interviewed over a ten-month period in the companies that
are represented in this research.
The number of breached records per incident this year ranged from 5,655 to 96,550 records. The
average number of breached records was 28,070. By design, we do not include cases involving
more than 100,000 compromised records because they are not indicative of data breaches
incurred by most organizations. Thus, to include them in the study would artificially skew the
results.
This document summarizes the costs associated with ineffective business continuity programs. It finds that IT/telecommunications outages can cost organizations millions, with minor incidents costing on average $53,210 per minute of downtime. Data breaches and cyber attacks were found to cost on average $11.6 million annually according to one study. Adverse weather events in the US alone resulted in $12.8 billion in insurance payouts in 2013 according to one report. The document concludes by recommending that organizations strengthen their business continuity programs to reduce costs from disruptions.
2015 cost of data breach study global analysisxband
2015 Cost of Data Breach Study:
Global Analysis
By: Ponemon Institute
Benchmark research sponsored by IBM
Independently conducted by Ponemon Institute LLC
May 2015
The 2012 study found that the average annual cost of cybercrime for US companies was $8.9 million, a 6% increase from the previous year. Companies experienced 102 successful cyber attacks per week on average. The most costly attacks were denial of service attacks, malicious insiders, and web-based attacks. Information theft resulted in the highest costs, followed by costs from business disruption. The time to resolve attacks also increased costs.
This document summarizes the key findings of the 2012 Cost of Cyber Crime Study conducted by Ponemon Institute. The study found that the average annual cost of cybercrime for 56 US companies was $8.9 million, a 6% increase from 2011. Companies experienced 102 successful cyber attacks per week, on average. The most costly attacks were denial of service attacks, malicious insiders, and web-based attacks. Information theft resulted in the highest external costs, followed by costs from business disruption. The study also analyzed cybercrime costs for companies in the UK, Germany, Australia and Japan.
Apple is a leading technology company that designs and sells consumer electronics. It is analyzing entering the electronic equipment industry, which is large and growing globally. If it enters, Apple would use strategies like foreign outsourcing and exporting. It would need to analyze the industry, competitors like Samsung and Sony, and identify target customer segments. Apple's strong brand and innovation could help it succeed, but it faces threats from competition and needs to consider factors like price when entering new markets.
Discover how to improve the health of your desktop PCs and laptops through 1E Computer Health, and save your users time and your organization millions of dollars.
The document summarizes a study on the cost of cybercrime in Japan conducted in 2012. Some key findings include:
- The average annual cost of cybercrime per organization was 402 million yen, ranging from 53 million to 1.5 billion yen.
- Organizations experienced over 31 successful cyber attacks per week on average.
- The cost of cybercrime varied by organization size and industry, with larger organizations and those in technology and finance facing higher costs.
- Theft of information, business disruption, and denial of service attacks were among the most costly cybercrimes.
This document discusses the costs of software assets for organizations. It makes three key points:
1) Software assets represent a higher percentage of IT budgets than typically reported, around 30% on average, as many software costs are hidden in other categories like hardware and personnel costs. Understanding software asset costs is important for controlling them.
2) Software asset costs are growing rapidly, at an average of 9% per year, due to increased software demand from technology shifts and vendors increasing licensing complexity to drive additional revenue.
3) For each euro spent on software licenses, organizations can expect to pay another euro in maintenance costs, as vendors increase maintenance rates and shorten release cycles to boost profits. Unexpected license and compliance costs from aud
Aon Retail & Wholesale Inperspective Nov 2016Graeme Cross
A rapidly shifting social, business, political and economic environment is placing UK retailers on continuous watch as they adapt and react to new threats and challenges.
Historic risk management norms like crime and security are giving way to external threats in the registers of modern companies; but many of these are intangible such as protecting brand equity and are often considered very hard to measure or mitigate.
Meanwhile the increasing influence of technology affects almost every corner of the industry from distribution and the way shoppers interact with a brand; to the supply chain and its continuing search for peak efficiency.
As a result, technology, rather than store networks or stock, is becoming one of the single greatest assets and vulnerabilities identified by the industry’s risk management community.
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