Third Party Vendor Risk Expert Harry Wan Comments On Ponemon Intstitute Cost Of Cybercrime Report

The Ponemon Institute 2015 Cost of Cyber Crime Report cites that, consistent with prior years, the 2015 average per capita cost for organizations with the fewest seats is approximately three times higher than the average per capita cost for organizations with the most seats. This prompted Harry Wan, Co-Founder and Chief Technology Officer at Datum Security to comment on the challenges this poses to small and medium business—and the organizations that partner with them for a variety of services.

"Once again, the higher average cost for organizations with fewer seats reinforces that smaller companies are less prepared for an attack,” said Harry Wan. “You may think this is fine if you assume it's only their own data that they are losing. Chances are though, it's not just their data—your data may be with them as well," Wan added.

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