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FOR IMMEDIATE RELEASE Ponemon Institute Releases 11th Annual Most Trusted Companies for Retail Banking Study U.S. Bank earns top honors; Ally Bank is second most trusted

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Blog

Welcome to my new blog. I look forward to providing interesting content from our latest research studies. Please stay tuned to some very thought provoking research!

Around the world, IT security practitioners face a common problem: a budget that is inadequate to deal with cyber threats
June 9, 2015, 10:00 am

Our latest global study looks at how companies in four global regions are investing in technologies, qualified personnel and governance practices to safeguard their information assets. Sponsored by Dell, the 2015 Global Study on IT Security Spending & Investments validates what many IT security professionals know based on their experience—an inadequate budget and lack of support from corporate leadership is making it difficult to invest in skilled personnel and acquire state-of-the-art technologies. In fact, 50 percent of respondents say their security budgets are flat or actually declining over the next two years.

Who owns the IT security budget and is most influential in making spending and investment decisions? According to the study, it is not the CISO. Only 19 percent of respondents say the IT security leader has control over how resources are allocated. Instead it is the CIO/CTO and business leaders who own the budget. This suggests the importance of security leaders learning how to influence their corporate leaders if they are going to change how budgets are allocated. We hope you will read the full report.

Warmest regards,

Dr. Larry Ponemon
Chairman & Founder
Ponemon Institute
 

Ponemon Institute Releases New Study on the Efforts of Retail Companies and Financial Services to Improve the Time to Detect and Contain Advanced Threats
May 28, 2015, 11:00 am

Ponemon Institute Releases New Study on the Efforts of Retail Companies and Financial Services to Improve the Time to Detect and Contain Advanced Threats

Cost of Data Breach Grows as does Frequency of Attacks
May 27, 2015, 6:00 am

Cost of Data Breach Grows as does Frequency of Attacks 

Criminal Attacks: The New Leading Cause of Data Breach in Healthcare
May 7, 2015, 9:00 am

The Fifth Annual Benchmark Study on Privacy & Security of Healthcare Data, sponsored by ID Experts, shows that, for the first time, criminal attacks are the number-one root cause of healthcare data breaches. 

New Ponemon Institute study released: Economic Impact of Mixed Content Warnings on Consumer Behavior
April 27, 2015, 12:40 pm

We have all encountered mixed content warnings that show a visual icon or pop-up that attempts to warn us while visiting a website. A new study by Ponemon Institute, sponsored by Ghostery, recently conducted an experimental study to test consumer reactions to mixed content warnings when browsing secure e-commerce sites. To cut to the chase, the study reveals that consumer attrition resulting from mixed content warnings on web pages is estimated to cost the top 100 Internet retailers in the United States $310 million per annum. We hope you will read the details in the entire report.

http://marketing.ghosterymktg.com

Warmest regards,
Dr. Larry Ponemon
 

A Few Challenges in Calculating Total Cost of a Data Breach Using Insurance Claims Payment Data
April 19, 2015, 1:34 pm

Let me first state that I am a big fan of the Verizon DBIR and have read every one. I also have a great deal of respect for the NetDiligence Cyber Claims Study and like many in the insurance industry, find it extremely valuable. I was, however, taken by surprise when I read the latest Verizon report and saw that their cost of a data breach analysis was based on the NetDiligence data set. Here’s why:

Why Ponemon Institute’s Cost of Data Breach Methodology Is Sound and Endures
April 16, 2015, 5:01 pm

This week, Verizon released its annual 2015 Data Breach Investigations Report. We respect the amount of effort and resources Verizon devotes to its annual report. In the past, Ponemon Institute has reached out to the researchers at Verizon because of what I believe should be a shared and collaborative goal to continuously improve and refine the research being conducted about data breaches and other security incidents. In fact, we were pleased to have Wade Baker from the Verizon DBIR team speak to our Institute’s RIM Council of sponsoring companies and Fellows in December 2012. By the way, Verizon is a sponsoring company of the Institute.

 

Ponemon Institute releases new study on how organizations can leapfrog to a stronger cyber security posture
April 10, 2015, 4:00 pm

Is your company’s security strategy stuck in a rut? Are you concerned that the competition is outpacing you in its ability to deal with increasingly sophisticated and stealthy cyber criminals. Ponemon Institute with sponsorship from Accenture spent several months interviewing senior level IT and IT security practitioners in 247 companies to identify the main factors that contribute to an organization’s improved security posture—or leapfrogging from a level of low to high performance in its security ecosystem.

2014: A Year of Mega Breaches
January 28, 2015, 10:00 am

2014 will long be remembered for a series of mega security breaches and attacks starting with the Target breach in late 2013 and ending with Sony Pictures Entertainment. In the 2014: A Year of Mega Breaches study sponsored by Identity Finder, the following findings reveal changes companies are making to their security strategies.

• More resources are allocated to preventing, detecting and resolving data breaches. According to 61 percent of respondents, the budget for security increased by an average of 34 percent. Most was used for SIEM, endpoint security and intrusion detection and prevention.

• Senior management gets a wake up call and realizes the need for a stronger cyber defense posture. Sixty-seven percent of respondents say their organization made sure the IT function has the budget necessary to defend it from data breaches.

• Operations and compliance processes are changing to prevent and detect breaches. Sixty percent of respondents say they made changes to operations and compliance processes to establish incident response teams, conduct training and awareness programs and use data security effectiveness measures.

We hope you will read the full report.

Ponemon Institute Announces Results of 2014 Most Trusted Companies for Privacy Study
January 28, 2015, 9:00 am

In recognition of Data Privacy Day, Ponemon Institute is pleased to announce the results of the 2014 Most Trusted Companies for Privacy Study, an annual study that tracks consumers’ rankings of organizations that collect and manage their personal information. This year, the most trusted company is Amazon. 

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