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The cost of security breaches in Canada

 
The cost of security breaches
There’s a new report from TELUS in partnership with the Rotman School of Management that helps quantify the cost of IT security breaches to Canadian companies.
The report, based on a survey of more than 600 IT security professionals in Canada found that:  

  • IT security breaches cost the average organization an estimated $834,000 in 2009 – a 97 per cent increase from the $423,000 reported last year.
  • There were an average of 11.3 reported IT security breaches per company in 2009, an increase of 276 per cent compared with 2008.
  • Many of these breaches were “inside jobs” perpetrated by a company’s own employees

For the Rotman School report, click here. For the story on CBC.ca, click here.
What has your company’s experience been?

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Does your company have environmental policies?

Although sceptics might characterize environmental policies as “greenwashing”, there’s no question that these policies have moved into the mainstream. Companies are not making this move for altruistic reasons; the fact is that responsible environmental policies can make a company more competitive—more attractive to customers and other stakeholders, less expensive to operate, and more compliant with a growing number of government regulations.
The California Integrated Waste Management Board has an excellent webpage that discusses all the reasons your company might consider developing environmental policies.

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The cost of malware

After a carefree summer, here´s just the thing to help you prepare for the terrors of the modern workplace: a recent OECD study entitled Computer Viruses and Other Malicious Software: A Threat to the Internet Economy, which estimates that the average business spends between 6 and 10 percent of its total technology budget addressing issues arising from malware.

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