The Commonwealth Bank of Australia (CBA) will be required to review its privacy and data retention policies under threat of court action from the Australian Information Commissioner and Privacy Commissioner.
2014 made it clear that cybercrime affects everyone. From retailers to banks, consumer goods companies and health care, there isn't an industry left untouched by cybercriminals looking to disrupt, steal or embarrass. So what has to change? The recent Sony attack and countless other examples point to the need for board members and executives to consider cybersecurity under the concept of risk management and business resilience.
IBM sponsored the and Ponemon Institute examined the actual costs of data breaches at 61 US companies and drew on the results of more than 500 interviews to reveal the true costs of data breaches today, from detection and escalation to customer churn.