Tuesday, September 9, 2008

Security breaches up in 2008

In 2007, there were 207 publically disclosed security breaches. As of August 22, 2008, there have been 449 publically disclosed security breaches according to the Resource Center in San Diego, a nonprofit organization for victims of identity theft. The Wall Street Journal discusses this issue here.

Cyber criminals have adopted more sophisticated ways to break into data systems. Business are doing little to combat this, as the majority are spending little money protect the mass amount of data they are now housing on their clients. There are 44 states that required business to disclose security breaches, and when they go public with the information, they’re rarely punished for the lack of security around their data.

Bruce Schneier, chief security technology officer at BT Group belivies that there are two ways to solve these problems: is if the government creates an incentive, either by allowing individuals to hold businesses liable for data breaches or by introducing regulations that impose criminal or stiff civil penalties on businesses that experience a breach.

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