January 29, 2009

Data losses equal $1 trillion

The economic crisis is poised to create a global meltdown in vital information. That conclusion, presented at the World Economic Forum in Switzerland, is drawn from a survey commissioned by McAfee. Increased pressures to reduce spending and looming layoffs have led to porous defenses and increased motivation for crime, the company said. McAfee projected that data loss among companies reached more than $1 trillion last year. -- CAM
Related Articles

More in News

Proxy research firm settles charges with SEC over client breach

Institutional Shareholder Services (ISS), a research firm the advises clients on voting in proxy fights, must pay $300,000 to the U.S. Securities and Exchange Commission.

Happy Hour Hot Links: Week of 5/20

Every Friday, after the SC Magazine news team has taken a few spins around the interwebs, we post some security-related links that we found interesting. We hope you do too.

Event ticketing company hacked, at least tens of thousands affected

In the state of Maine alone, more than 22,000 Vendini customers were impacted.