Compliance is Less Expensive than Data Breaches - Gartner
Beefing up security is cheaper than cleaning up a data breach according to Gartner, at least when talking about PCI levels of security. Start with credit card data. Don't keep it on a point of sale terminal, they're too easily compromised. Don't use WEP encryption on wireless networks that transmit credit card data. It's hard to believe but, according to Avivah Litan of Gartner, many retailers are using the "Why Even Pretend your encrypted" encryption standard on their POS networks.
According to In Data Breaches Start at the Gas Station, Analyst Says:
Implementing security is cheaper in the long run than having a data breach, which can be expensive and hurt a company's reputation. Gartner calculates that a data breach costs companies around $300 per exposed account because of investigations, fines and lawsuits. On the other hand, beefing up security costs around $16 per account for the first year, and that cost falls over time, according to Litan.
Retailers must get a handle on their managed device security. Other organizations are finding better ways to work with customers and partners by allowing remote access through unmanaged devices, the least retailers can do is improve managed device security. For more on this topic, there is a new article at the Messaging and Web Security community on protecting remote access from unmanaged devices.
Email This!
Digg it!
Sphere it!
Del.icio.us
Reddit!
Newsvine
