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Archive for April, 2009

Bookmarks for April 26th through April 29th

April 29th, 2009 View Comments

These are my links for April 26th through April 29th:

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Bookmarks for April 13th through April 23rd

April 23rd, 2009 View Comments

These are my links for April 13th through April 23rd:

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The cost of a lost laptop? $50,000

April 23rd, 2009 admin View Comments

An study(PDF) put out by the Ponemon Institute yesterday has the average cost of a lost laptop at $49,246.  This includes the following components: replacement cost, detection, forensics, data breach, lost intellectual property, lost productivity, and legal expenses.  The total variation was incredibly large from just over $1K to just under $1M.

2 interesting points that I see:

Encryption makes a difference.  When lost laptops have encryption, the average cost of the lost laptop is $37,443. If it is not encrypted, the average cost is $56,165. This is almost a $20,000 difference in the cost

Only $20K?  I would think that having a properly encrypted laptop would take out mostly all costs other than replacement and lost productivity.  Of course, the best encryption is not going to defeat the user who tapes the encryption key on the laptop.  However, if all encryption rules are followed I pretty much thought this was a safe bet?

The existence of a full backup increases the average cost of the lost laptop. There is an inverse relationship between the average cost of a lost laptop and the existence of a full backup. The average cost of a lost laptop with a full backup is $69,899 as opposed to $39,253 when there is no backup system. One possible reason for this is that the backup makes it easier to confirm the loss of sensitive or confidential data. In other words, it could be the ignorance is bliss hypothesis.

Wow, save money by not doing backups!  Quite an interesting piece of information with data to back it up.  Who is going to go to the VP and says we can save money by not doing backups? ;-)

Tie this in with 12,000 lost laptops per week at airports, and that is quite a large chunk of change.

Bookmarks for March 26th through April 13th

April 13th, 2009 View Comments

These are my links for March 26th through April 13th:

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Calling all forensics experts!

April 11th, 2009 admin View Comments

These questions have been on my mind for a while, and a recent data breach makes me want to get some answers from the experts.

On plenty of breaches I read the following lines:

“We have no reason to believe that this information was accessed by unauthorized individuals…”

“It cannot be determined with certainty that any data was pulled from a computer by infectious software…”

“there is no indication that any of the information has been misused…”

These lines seem to be from the first pages of the “Breach Notification for Dummies” because I have hardly read an announcement without one of these type of statements. My questions are how do they know that it has not been misused and if they know that is has not been misused, why can it not be determined if the data has been pulled from the computer? I kinda thought that this was the whole point of forensic investigation, finding out what the bad guy did once they were on the machine. Is it money, time, notification time (i.e cannot analyze the drive quick enough before notification is necessary), historical data (obviously every breached computer with PII does not lead to ID fraud) or a combination of everything?

Am I missing something here? I would love to hear what everyone thinks.

UPDATE 04/16/2009: Dave Hull tweeted a link the Security Breach Notification Symposium that should give some great insight to the topics discussed in this post. The audio/slides for the talks have recently been posted. Thanks everyone for the great comments!

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