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
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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