Category: BAI Security Blog

The cost of a data breach or malware infection extends well beyond the dollars spent on responding and addressing security issues — productivity takes a big hit as enterprises and consumers spend countless hours dealing with the threats, according to a study from IDC in March, 2014.  That is to say nothing about the financial losses associated with the damage of the breached organization’s reputation. While researchers predicted that enterprises around the globe will spend around $500 billion in 2014 on making fixes and recovering from data breaches and malware, consumers worldwide will likely spend $25 billion as a result of those security threats. While organizations believe that criminals will account for the lion’s share (two-thirds, or $315 billion) of

Introduction In the course of any given year BAI Security performs hundreds of IT Security Audits for truly security-conscious organizations in highly regulated industries.  Our specialization includes in-depth IT Security Audit and Forensic services primarily to the Banking and Finance, Pharmaceutical, Healthcare, and Insurance sectors. In an effort to bring awareness to growing trends related to security risks leading breaches and confidential data loss, BAI Security routinely publishes warnings based on real-world audit results within these industries we focus on. Background Over the past year, BAI Security has reported on numerous occasions about two common security risks that are very often considered “known issues” or common problems that most organizations are aware of and have addressed.  The two security issues, which are almost