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AlertBoot offers a cloud-based full disk encryption and mobile device security service for companies of any size who want a scalable and easy-to-deploy solution. Centrally managed through a web based console, AlertBoot offers mobile device management, mobile antivirus, remote wipe & lock, device auditing, USB drive and hard disk encryption managed services.

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AlertBoot offers a cloud-based full disk encryption and mobile device security service for companies of any size who want a scalable and easy-to-deploy solution. Centrally managed through a web based console, AlertBoot offers mobile device management, mobile antivirus, remote wipe & lock, device auditing, USB drive and hard disk encryption managed services.

Data Breach Cost: South Carolina Earmarking $27 Million For 2-Year-Old Hacking Incident

South Carolina is in the news again for a data breach that occurred in 2012.  If you'll recall, that was the year when SC admitted that its tax collection department had suffered a data breach, affecting 6.4 million people.  Two years after, the effects of the data breach are still being felt.

$20.7 Million Earmarked for Next Fiscal Year

The one silver-lining on government data breaches, if you can call it such, is that a lot of information is made public, giving us a better understanding of what an organization has to go through if it experiences a data mishap.  For example, figuring out the total cost of a data breach has always been like peering through an opaque window: some figures are revealed but the whole of the picture always remained hidden, either because that's really none of our business (how much a company is investing in security software) or because no one's interested anymore (what costs did a company incur on the third year after the data breach?).

A lot of articles covering the South Carolina budget for next year are noting that at least $27 million is being earmarked for information security and credit monitoring.  Of this figure, about $6.5 million will be used for a third year of credit monitoring services.

Of the remaining $20.7 million, $5.7 million is for a 12-person information security division and 3-person privacy office; $6.1 million is for maintaining and expanding the division's services; and $8.7 million is for upgrades to current data security.  The bulk of the money, as you can see, is being used for security operations that the state should have had before the 2012 data debacle.  Under the circumstances, it's impossible to say that, three years in, the ongoing cost of a data breach is $27 million.

The only ongoing cost appears to be $6 million, which is not exactly small change (and also a dubitable expense.  Brian Krebs of krebsonsecurity.com describes his first-hand experience on such services.  Conclusion?  Not really worth it unless you get it for free).

Other Goodies

In addition to the extra money being spent to ensure that proper data security is in place, the South Carolina legislature is also making it mandatory for state agencies to implement information technology policies as well as shoring up other weaknesses, such as not knowing whether IT security is actually being implemented.

Of course, such things don't necessarily require state-level legislation.  It's a matter of getting the right tools for the job.  For example, the AlertBoot managed encryption solution uses a cloud-based console, making it easy to checkup on endpoint deployments and installations from any web browser with a connection to the internet.

Related Articles and Sites:
http://chronicle.augusta.com/news/2014-04-20/sc-budget-may-pay-27-million-new-computer-security-efforts-credit-monitoring?v=1398036061

 

 
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About sang_lee

Sang Lee is a Senior Account Manager and Security Analyst with AlertBoot, Inc., the leading provider of managed endpoint security services, based in Las Vegas, NV. Mr. Lee helps with the deployment and ongoing support of the AlertBoot disk encryption managed service. Prior to working at AlertBoot, Mr. Lee served in the South Korean Navy. He holds both a B.S. and an M.S. from Tufts University in Medford, Massachusetts, U.S.A.