Why Networks Need Security
Organizations becoming vulnerable
- Becoming increasingly dependent on computers, networks
- Becoming increasingly vulnerable to due widely available Internet access to its computers and networks
Huge losses due to security breaches
- $2 M average loss + losses related to less consumer confidence as a result of publicity of breaches
- Potential losses from disruption of applications (Bank of America estimates $50 M per day)
Protecting consumer privacy
- Strong laws against unauthorized disclosures (California: $250 K for each such incident)
Protecting organizations’ data and application sw
- Value of data and applications >> network cost