Internet Security Breach

1
Internet Security Breach Its Impact on Business
Operations

• Kim Nguyen
• Manish Shirke
• Wa Mo
• Saravanan Velrajan

2
Agenda

• 1. Introduction--Kim
• 2. Problem Description---WA
• 3. Definition of Concepts---WA
• 4. Data Analysis ----Manish   
• 5. Major Findings ----Saro
• 6. Conclusions Recommendations ---Kim

3
Introduction

• Analyzed Security Issues
• Security related concerns in organizations
• Money spent on Internet Security

4
Problem Description

• Digital data is being exposed to higher risk
  factors
• Spam gaining momentum worldwide
• Intrusion can result in data theft, permanent
  data damages, and complete data loss
• Internet security breach is becoming the biggest,
  potential threat to data loss in the 21st century

5
Definition of Concepts and Terms

• Viruses and Worms
• Spam
• Spyware
• Eavesdropping

6
Data Analysis - Primary Data

• We conducted a survey for collecting Primary Data
  
• How comfortable you feel using the Internet for
  money related transactions? (Comfort levels 1
  (Low) 5 (High))
• Did you conduct any money or credit transaction
  over the Internet in the past month? If yes, how
  many?
• Were you or anyone you know a victim of Internet
  identity theft?
• How many times were you attacked by email spam,
  virusin the past 6 months?
• What percentage of junk emails received in past 3
  months?

7
Survey Results
The median comfort level for money related
transactions via the Internet was 4.
8

• The median number of transactions processed via
  the Internet was 5.

9

• Only one participant had been a victim of
  Internet identity theft.

10

• Seven participants had been attacked by email
  spam/virus.

11

• The median number of junk emails received was
  twenty percent.

12
Inferences from Primary Data

• People are comfortable making money related
  transactions via the internet.
• Internet users are attacked by email spam and
  virus and have been victims of identity theft.
• A significant amount of email received by
  internet users is spam or junk email.

13
Data Analysis - Secondary Data

• The number of daily spam outbreak shoot up to
  1,600,000 per day in the year 2004. (Internet
  Security Solutions, 2005).
• Known computer viruses grew by 28,327 in 2004
  to bring the number of old and new viruses to
  112,438, according to IBM (Security Statistics,
  2005).
• The market for web intrusion protection services
  and products is expected to increase to nearly US
  700,000,000 by 2006 (Spam and Viruses, 2004).
• Only 0.4 of a companys revenue, on average, is
  dedicated to information security in the U.S. By
  2011, however, that figure will accelerate
  tenfold to 4 of revenue for U.S. companies.
  (Computer world, 2001).
• An average of six IT security professionals is
  there for every 1,000 employees (Global Security
  Survey, 2005).

14
Impact of Internet Security Breach

• Financial Losses
• Theft of proprietary information
• Greater online security costs for smaller
  companies

15
Recent Impact Studies

• Deleting spam costs 22 billion a year in lost
  worker productivity
• 45 of the companies surveyed used intrusion
  prevention systems
• Worldwide damages due to virus/worm attacks in
  2004 were 17.5 billion
• Information security professionals expected grow
  to 2.1 million workers by 2008

16
Regulatory Effects

• Compliance Regulations by Government
• Encryption of Data
• Sarbanes-Oxley Act requires public companies to
  save every record related to the audit process

17
Responses to Internet Security Breach

• Internet Infrastructure security setup

18
Conclusion

• 70 of companies go out of business after a major
  data loss
• Major disasters affect IT every 5 years
• Security Market grow to 45 billion in 2006