Using Log Data to Manage Operational Risk
Log Article on Secure Convergence Journal.
Today’s enterprise networks are at risk — threatened by privacy breaches, information leakage, security attacks, policy violations and network downtime. Incidents are increasingly associated with hard dollar losses that go beyond the damage to a company’s reputation. About 95 percent of these financial losses are attributable to intentional or unintentional actions by insiders. Security issues — such as worms and viruses, internal or external fraud and policy violations — result in an average of 22 hours of downtime per year. Human error, system failures and natural disasters account for an additional 87 hours per year of downtime, the cost of which can be up to $6.5 million per hour. More disturbingly, the financial losses from IP theft are rising; already totaling an average of $1.3 million per company each year.