Cybersecurity is Serious Business and, I’m afraid the future of Terrorism  as Secretary Panetta says below ….

SECRETARY OF DEFENSE LEON E. PANETTA:  Thank you.  Thank you very much.

Thank you so much for this wonderful evening and the chance to enjoy such terrific company and be able to express my deepest gratitude to this organization for all of the great things that it does on behalf of those that serve in our military.

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But the even greater danger — the greater danger facing us in cyberspace goes beyond crime and it goes beyond harassment.  A cyber attack perpetrated by nation states are violent extremists groups could be as destructive as the terrorist attack on 9/11.  Such a destructive cyber-terrorist attack could virtually paralyze the nation.

Read Complete Speech at www.defense.gov

HP and the Ponemon Institute today unveiled a new security study that shows the cost and frequency of cybercrime has risen for the third year in a row.

The 2012 Cost of Cyber Crime Study, conducted by the Ponemon Institute and sponsored by HP, found that the average annual cost of cybercrime for U.S. organizations was $8.9 million in 2012. That amount is 6% more than the $8.4 million average costs of cybercrime in 2011, and a 38% increase over the 2010 average of $6.5 million.

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The people in charge of security at large companies and organizations appear to have a pretty high opinion of their abilities and their preparations for attacks by hackers and other security incidents, even if the evidence shows they’re fooling themselves.

According to a new survey out today by PwC Consulting, …

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