“Home Depot Breach Tops Target’s,” Wall Street Journal, September 19, 2014 B1. A custom-made virus allowed hackers to steal data from 56 million credit cards over 5 months before it was detected and, hopefully, removed.  Cost for investigation, credit monitoring, call center, and the like: $62 million, or a bit more than $1.10 per breached card.  Cost of lawsuits: priceless.

Insurance covered $27 million of initial costs.

How good are your protections against hackers?  How good is your cyberrisk insurance? How much information do you have that belongs to others?  How well do you protect it?

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Filed under Board, Business Case, Collect, Controls, Governance, Information, Interconnections, Internal controls, IT, Management, Ownership, Protect, Protect assets, Protect information assets, Risk, Security, Third parties, Value

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