Tag Archives: cybercrime

IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years

By Technology, , , , ,

Breaches Pose Growing Risk for Small Businesses, Costing up to 5% of Annual Revenue

CAMBRIDGE, Mass. — IBM (NYSE: IBM) Security today announced the results of its annual study examining the financial impact of data breaches on organizations. According to the report, the cost of a data breach has risen 12% over the past 5 years1 and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.2
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IBM Watson to Tackle Cybercrime

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Eight Leading Universities to Help Train Watson for Cyber Security

ARMONK, N.Y. – 10 May 2016: IBM Security today announced Watson for Cyber Security, a new cloud-based version of the company’s cognitive technology trained on the language of security as part of a year-long research project. To further scale the system, IBM plans to collaborate with eight universities to greatly expand the collection of security data IBM has trained the cognitive system with. (more…)

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‘Civilian Cyber-Warriors’ Not Driven By Patriotism

By Politics, Technology, , , , , , , , , , , , , , , , , , , , , , , , , , , ,

EAST LANSING, Mich. — People who commit cyber-attacks against the government also tend to download music illegally and participate in physical protests. Surprisingly, however, they don’t appear to be acting out of some sense of national pride or patriotism.

Those are some of the findings to emerge from a Michigan State University study that for the first time begins to paint a profile of “civilian cyber-warriors,” or people who engage in attacks against domestic or foreign governments without support from military or government agencies. Cybercrimes pose a huge societal risk and have become a hot issue globally, yet little is known about the mindset behind them. (more…)

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Youth Cybercrime Linked to Friends’ Influence

By Culture, General, , , , , , , , , , , , , , , , , , , ,

EAST LANSING, Mich. — Peer influence and low self-control appear to be the major factors fueling juvenile cybercrime such as computer hacking and online bullying, according to a new study led by a Michigan State University criminologist.

Thomas Holt, assistant professor of criminal justice, said the findings reinforce the need for parents to be more aware of their children’s friends and Internet activities.

“It’s important to know what your kids are doing when they’re online and who they are associating with both online and offline,” Holt said. (more…)

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