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News tagged: cybercrime

What can telcos learn from TalkTalk’s recent data security breach? – Part 2 17 November, 2015

What can telcos learn from TalkTalk’s recent data security breach? – Part 2

Last month telecom giant, TalkTalk, became the victim of a cyber attack when hackers accessed its customers personal data. Cybercrime is big business for hackers and it’s on the rise. Research by the Ponemon Institute shows that in 2014, the average loss to companies in the case of data security breaches was US$3.5 million. With the UK now the top target for cyber criminals, securing data has never been more important. (more…)

Combating account takeover 18 September, 2015

Combating account takeover

The Ponemon Institute’s 2015 Cost of Data Breach Study showed a 23% increase in the total cost of a breach from 2013 to 2014. In other terms, companies paid an average of US$154 per lost or stolen record. (more…)

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