The Economics of Cyber Crime

The Economics of Cyber Crime

 

Available On Demand
Duration 60min
Speakers
Larry Ponemon,
Chairman and Founder
Ponemon Institute
Larry Ponemon,
Dr. Larry Ponemon is the Chairman and Founder of the Ponemon Institute, a research “think tank” dedicated to advancing privacy and data protection practices. Dr. Ponemon is considered a pioneer in privacy auditing and the Responsible Information Management or RIM framework.

Ponemon Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a various industries. In addition to Institute activities, Dr. Ponemon is an adjunct professor for ethics and privacy at Carnegie Mellon University’s CIO Institute. He is a Fellow of the Center for Government Innovation of the Unisys Corporation.

Dr. Ponemon consults with leading multinational organizations on global privacy management programs. He has extensive knowledge of regulatory frameworks for managing privacy and data security including financial services, health care, pharmaceutical, telecom and Internet. Dr. Ponemon was appointed to the Advisory Committee for Online Access & Security for the United States Federal Trade Commission. He was appointed by the White House to the Data Privacy and Integrity Advisory Committee for the Department of Homeland Security. Dr. Ponemon was also an appointed to two California State task forces on privacy and data security laws.

Dr. Ponemon is a member of the National Board of Advisors of the Eller College of Business and Public Administration, University of Arizona. He serves as Chairman of the Government Policy Advisory Committee and Co-Chair of the Internet Task Force for the Council of American Survey and Research Organizations (CASRO).

Dr. Ponemon was a senior partner of PricewaterhouseCoopers, where he founded the firm’s global compliance risk management group. Prior to joining Price Waterhouse as a partner, Dr. Ponemon served as the National Director of Business Ethics Services for KPMG Peat Marwick, and was appointed Executive Director of the KPMG Business Ethics Institute.

Dr. Ponemon has held chaired (tenured) faculty positions and published numerous articles and learned books. He has presented hundreds of keynote speeches or learned presentations at national or international conferences on privacy, data protection, information security, corporate governance, and responsible information management. Dr. Ponemon is an active member of the International Association of Privacy Professionals, serving as founding member of the Certified Information Privacy Professional (CIPP) Advisory Board.

Dr. Ponemon is column editor for Computerworld, CSO Magazine, BNA, Dark Reading and other leading publications. He is a frequent commentator on privacy and business ethics for CNN, Fox News, MSNBC, The Wall Street Journal, New York Times, Washington Post, USA Today, Financial Times, Business 2.0, Newsweek, Business Week, U.S. News & World Report, CIO Magazine, Industry Standard, Boston Globe, InfoWorld, InformationWeek, Forbes, Fortune, CFO Magazine, Red Herring, Dow Jones News and others.

Dr. Ponemon earned his Ph.D. at Union College in Schenectady, New York. He has a Master’s degree from Harvard University, Cambridge, Massachusetts, and attended the doctoral program in system sciences at Carnegie Mellon University, Pittsburgh, Pennsylvania. Dr. Ponemon earned his Bachelors with Highest Distinction from the University of Arizona, Tucson, Arizona. He is a Certified Public Accountant and a Certified Information Privacy Professional.

Dr. Ponemon is a veteran (Vietnam War era) of the United States Navy. He is married and has two sons. Dr. Ponemon is an instrument rated private pilot.

$11.6 million: The average cost of a cyber attack
122: The number of success attacks per week
26 percent: The increase in cyber attacks in one year

The numbers are in. According to the 4th Annual Cost of Cyber Crime Study, conducted by the Ponemon Institute, sponsored by HP Enterprise Security, cyber crime is taking an ever-bigger toll on the bottom line. The study examined sixty U.S. organizations across various industries and found that hackers are targeting companies of all sizes.   Small organizations had big losses from viruses, worms, trojans, phishing and malware, while the majority of larger organizations' losses came from denial of service, malicious code and web-based attacks.

Is your organization protected? Join HP for a discussion about the results of the study and find out how you can mitigate cyber crime risks.

In this one-hour webinar you’ll learn:

  • Which industries are most at risk
  • How long it takes to respond to an attack
  • How to fully neutralize an attack
  • How to take proactive action with advanced security intelligence solutions
  • What governance practices should be implemented
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