Top CyberSecurity News For 21st September 2016

  1. Rand Study: Average Data Breach Costs $200K, Not MillionsFrom DarkReading. 

     Rand taps insurance data and other sources to calculate that cyber incidents cost firms a scant 0.4% of annual revenues, on average.

    The expense and impact of enterprise data breaches may be overblown, according to a new study from the Rand Corp.

    “We find that the typical cost of a data breach is less than $200,000, far lower than the millions of dollars often cited in surveys (e.g. Ponemon 2015),” writes Sasha Romanosky, author of the Rand study, Examining the costs and causes of cyber incidents, released Tuesday. The study goes on to say that $200,000 is about what most companies spend annually on information security.

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