ABSTRACT

In addition, the knock-on effects related to reputation risk, insurance costs, financial losses, audits, regulatory and law enforcement investigations, external consultants, and so forth are additional costs making the cost of a breach even harder to measure with much accuracy. A very wide variance occurs between the two approaches owing to differences in how data are collected and the numbers crunched. The bottom line is that increased spending has not resulted in risk reduction of the cyber threat. The Federal Reserve has adopted new security designs in high-risk currency to hinder counterfeiters. The number of such connected devices is expected to grow to more than four times the number of connected computers in the next few years according to media reports; proof of an IoT-based attack has significant security implications for device owners and Enterprise targets". In wrapping up why there is risk in weighing the threat by the numbers there are a few considerations.