Consider costs of unsecurity when budgeting

By | Friday February 24th, 2017

Computerweekly reports that Yahoo’s shareholdwers had to accep a relevant cut on the transaction with Verizon to sell Yahoo due to the security breaches that came into light over the last months: 350 M$.

Not peanuts. How much security could have they bought for such an amount of money?

It is interesting to take these extreme figures into account while most companies are evaluating the impact of the GDPR on their IT and compliance spending in the next two years.

Too often the emphasis is put on the potential fines (up to 4% of the global revenues …) but in this case non fines are considered: just business value.

If personal data are the new gold of the XXI century, it seems quite obvious that putting it at risk may cost a lot.

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Category: Data Breach Impact, Risk and Measures Sanctions Tags: , ,

About Sergio Fumagalli

Vice President Zeropiu Spa, system integrator specialized in digital identity and data security with operations in Italy and in the Nordics. After serving as MP in the Italian Parliament, I started a professional collaboration with the Data Protection Italian Authority and a professional activity on these topics. Co-author of “Privacy guida agli adempimenti”, IPSOA, 2004, 2005 a book on compliance to the Italian Law. Since 2008 member of the Oracle Community for Security - http://c4s.clusit.it/views/Homepage.html - and since 2014 member of the board of Clusit a leader association on IT Security in Italy Between 2004 and 2012 member of the board of Webank Spa, the online banc of the Banca Popolare di Milano group.

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