The document discusses the state of IT security based on statistics from 2011. It notes that the average cost of a security breach was $7.2 million and impacted $6.5 billion for U.S. businesses. Most breaches (92%) were avoidable through basic security practices. Major attacks in 2011 included breaches at Sony, Citibank, and RSA. Trends show attacks are exploiting software vulnerabilities and automated tools are making cybercrime more sophisticated and widespread. Looking ahead, challenges include threats to critical infrastructure, mobile security risks from BYOD, and state-sponsored cyber attacks.
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