A site to see.A new, no-cost, online tool can help companies gauge the financial impact of a data breach or identity theft incident. The Tech//404 Data Loss Cost Calculator calculator or calculating machine, device for performing numerical computations; it may be mechanical, electromechanical, or electronic. The electronic computer is also a calculator but performs other functions as well. , from Farmington, Connecticut-based Darwin Professional Underwriters, Inc., asks users to input a total number of affected records. It then uses that information to generate an average cost for expenses related to internal investigation, notification/crisis management, and regulations/compliance, based on what's known about the cost of similar events in cases that have been made public. In building the calculator, Darwin analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. data from media reports and industry studies. "We believe it's imperative that organizations have a clear understanding of the bottom-line impact of data theft," says Adam Sills Sills , Beverly Originally Belle Silverman. Born 1929. American operatic soprano and manager who joined the New York City Opera in 1953 and was its general director from 1980 to 1989. Noun 1. , lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. for Darwin's technology and information liability initiatives. "The quantification quan·ti·fy tr.v. quan·ti·fied, quan·ti·fy·ing, quan·ti·fies 1. To determine or express the quantity of. 2. of business risk--even a best estimate--is often the quickest path to building awareness for CEOs and CFOs alike," he noted. Assess your own financial risk at this month's Site to See. @ GET THERE VIA SM ONLINE. |
|
|||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion