{"id":105087,"date":"2016-09-23T09:22:19","date_gmt":"2016-09-23T07:22:19","guid":{"rendered":"http:\/\/mygaming.co.za\/news\/?p=105087"},"modified":"2016-09-23T09:23:01","modified_gmt":"2016-09-23T07:23:01","slug":"it-is-cheaper-for-a-company-to-get-hacked-than-to-improve-its-security","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/105087-it-is-cheaper-for-a-company-to-get-hacked-than-to-improve-its-security","title":{"rendered":"It is cheaper for a company to get hacked than to improve its security"},"content":{"rendered":"

Another massive data breach hit the newswires this week as Yahoo! confirmed that over 500 million Yahoo accounts were hacked<\/a><\/strong>.<\/p>\n

Such hacks seem to happen on a weekly basis now, which begs the question, why do these multi-billion companies keep getting compromised?<\/p>\n

The hard truth is that it’s actually not in a company’s financial interest to remain secure, reports The Register<\/a><\/strong>.<\/p>\n

“A study by the RAND Corporation, published<\/a><\/strong> in the Journal of Cybersecurity, looked at the frequency and cost of IT security failures in US businesses and found that the cost of a break-in is much lower than thought \u2013 typically around $200,000 per case.”<\/p>\n

“With top-shelf security systems costing a lot more than that, not beefing up security looks in some ways like a smart business decision.”<\/p>\n

Factor this with the almost impossible task of quantifying reputational\u00a0damage and you have a dangerous combination.<\/p>\n

After analysing 12,000 incident reports, the journal found that typically they only account for 0.4% of a company’s annual revenues.<\/p>\n

“That compares to billing fraud, which averages at 5 per cent, or retail shrinkage (ie, shoplifting and insider theft), which accounts for 1.3 per cent of revenues.”<\/p>\n

\n

More gaming news<\/h3>\n

Amazing tech and gaming specials<\/a><\/strong><\/p>\n

Why you should set up a gaming PC in your living room<\/a><\/strong><\/p>\n

Comparing Destiny: Rise of Iron to its past expansions<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The ugly truth about protecting your personal information.<\/p>\n","protected":false},"author":234,"featured_media":105091,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_enabled":true,"_sma_x_custom_text":"","_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[8812,2],"tags":[31,13453,197,22111],"class_list":["post-105087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broadband","category-business","tag-active","tag-cheap","tag-hack","tag-yahoo-crystal-web"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/105087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/234"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=105087"}],"version-history":[{"count":1,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/105087\/revisions"}],"predecessor-version":[{"id":105093,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/105087\/revisions\/105093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/105091"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=105087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=105087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=105087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}