The damage from data theft and cybercrime cost global businesses about $1 trillion in lost intellectual property and damage repair in 2008, according to the McAfee report, Unsecured Economies: Protecting Vital Information.
A bill (S.B. 1349) currently pending in the California Senate would prohibit employers and educational institutions from requiring or requesting that employees or students give to those authorities the passwords to their social media sites or provide access to their accounts.
Industries such as energy and utilities, which make up America’s critical infrastructure, may be weaker than other industries when it comes to managing risk and guarding against cyberattacks, according to this report.
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