The Ponemon Institute’s 2015 Cost of Cyber Crime Study, which examines 252 organizations in five different countries, discovered that while the average cost of data breaches increased 1.9 percent in the past year, boards are showing less get-up-and-go regarding data security, IT World Canada reports. Larry Ponemon said the numbers are “moving in the wrong direction,” with breach response time also up 30 percent. And boards don’t seem to care unless stock prices are affected, said Curtis Levinson, a NATO cybersecurity advisor. The study notes that companies “that invest in adequate resources, employ certified or expert staff and appoint a high-level security leader have cyber-crime costs that are lower than companies that have not implemented these practices.”
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