CNET News writer, Lance Whitney, shared his comments on the findings from a recent McAfee report titled “The Security Paradox“.  (Read this report)

One of the most revealing findings of this report address the fact that more mid-sized companies are being attacked by cybercriminals at the same time that those same companies are freezing their IT Security budgets.

Those security breaches can also be expensive — the study found that over the last year, 1 out of 5 mid-sized companies surveyed lost $41,000 in sales on average as a result of a breach.

There are many other revealing facts f rom this study that make this report and Lance Whitney’s summary article well worth reading.

With so much in the news recently about data breach notification, the red flag rules, and information security and privacy laws, our team thought that some reading on the topic of online fraud from an insider’s view and also a discussion of some of the tools of their trade, would be great handout material to all risk managers and members of contingency planning groups in any organization.

We recommend that you read this article written by Linda McGlasson, Managing Editor of Government Info Security.

This important topic of how money is moved around and through the internet once a data breach has been enacted is an important input to heighten your concerns and actions over potential data breach incidents against you (personally) and your company.

Read this recent article in the Washington Post as written by Brian Krebs on the topic of computer security.