Keyword
Ponemon Institute
Cybercrime drains US$11.7 million per business annually, up 62% in five years, study finds
September 29, 2017 by Canadian UnderwriterThe average cost of cybercrime globally climbed to US$11.7 million per organization, a 23% increase from US$9.5 million reported in 2016, according to new research from Accenture and the Ponemon Institute. The year-over-year increase also represents a “staggering” 62% increase…
Canada second most expensive country for data breaches: IBM and Ponemon Institute study
June 20, 2017 by Canadian UnderwriterCanada was the second most expensive country for data breaches, costing an average of $255 per lost or stolen record in 2017, according to a new report sponsored by IBM Security and conducted by the Ponemon Institute. Released on Tuesday,…
Global business leaders cite regulatory risks, disruptive influences and cyber risks as key challenges
June 14, 2017 by Canadian UnderwriterCompanies in Canada and around the world are being increasingly impacted by risk, with nearly three quarters (72%) of business leaders polled in a recent survey “citing that they believe we are living in a riskier world,” said a new…
Lack of oversight regarding security of third-party IoT implementation: survey
May 31, 2017 by Canadian UnderwriterA gap in understanding how best to mitigate and communicate risks around the Internet of Things (IoT) persists despite organizations reporting high concern about related security, notes a new report from Ponemon Institute and Shared Assessments Program. Released Wednesday, The…
Global organizations spending almost four times more budget on property-related risks than cyber risks: Aon/Ponemon report
April 25, 2017 by Canadian UnderwriterGlobal organizations are spending nearly four times more budget on property-related risks than cyber risks, according to a report released on Tuesday by the Ponemon Institute and sponsored by Aon plc. The 2017 Cyber Risk Transfer Comparison Global Report also…
Ontario-based Pen Underwriting Canada launches cyber insurance product
February 15, 2017 by Canadian UnderwriterBurlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for…
Most Canadian IT professionals report some security solutions “outdated and inadequate”: study
February 14, 2017 by Canadian UnderwriterMost IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study…
Number, sophistication and severity of cyberattacks on Canadian companies on the rise: study
February 9, 2017 by Canadian UnderwriterThe number, sophistication and severity of cyberattacks on companies in Canada are each on the rise, with the average number of reported cyberattacks rising to 44 attacks per year, according to the findings of a new study. Scalar Decisions Inc.…
Two-thirds of global organizations not prepared to recover from cyberattacks: IBM and Ponemon Institute study
November 18, 2016 by Canadian UnderwriterTwo-thirds (66%) of respondents to a study conducted by the Ponemon Institute have reported that their organization is not prepared to recover from cyberattacks. Resilient, an IBM Company and sponsor of the report, and the Ponemon Institute, revealed the results…
Lost or stolen devices account for one-quarter of breaches in U.S. financial services sector: study
September 1, 2016 by Canadian UnderwriterLost or stolen devices accounted for one in four breaches in the financial services sector in the United States, according to a recent study from Bitglass, a total data protection company based in Campbell, Calif. The Silicon Valley cloud access…
U.S. companies unnecessarily granting access to more than just privileged users: study
August 23, 2016 by Canadian UnderwriterNearly six in 10 IT operations and security managers in the United States believe their organizations are unnecessarily granting access to individuals beyond their roles or responsibilities, according to a new survey released on Tuesday. The Ponemon Institute survey commissioned…
Cyberattacks costing U.S. businesses US$3.5 million annually, 79% of businesses lack strategies to manage these risks: Ponemon Institute
July 18, 2016 by Canadian UnderwriterExternal cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect. Despite acute…