We all know that hacking is BIG business. In 2015, we saw a total of 781 data breaches, according to the Identity Theft Resource Center (ITRC). A mere seven months into 2016 and we have already seen 538 breaches. It is predicted that 2016â€™s numbers will massively surpass those of 2015â€™s.
Working off data from 2015, the industries breached were the business sector with nearly 40 percent of the breaches, the health/medical sector with 35.5 percent, and the banking/credit/financial sector with 9.1 percent. In fourth place was the government/military sector with 8.1 percent followed by the education sector in fifth place with 7.4 percent. Read more here.
In 2015, hacking incidents reached a nine-year high of 37.9 percent. In second place with 14.9 percent was employee error/negligence incidents followed by accidental email/internet exposure (13.7 percent), and insider theft (10.6 percent). In fifth and sixth place respectively were physical theft (10.5 percent) and subcontractors/3rd party theft (9.0).
Putting aside the worry of being hacked for a moment, we must also consider the financial penalties associated with having sensitive consumer and employee information compromised. The total average cost of a data breach is now estimated to exceed $7.7 million per company according to a 2015 Cost of Data Breach Study: Global Analysis by Ponemon Institute. This includes lost business.
Companies can, and should, fight back against new threats by employing world-class security measures that manages risk, drives down losses, and improves service. The Ponemon Study suggests incorporating the following security technologies to defend your company against a data breach. For an in-depth look at your current Data and IT Security Technologies, please contact No More Salespeople Consulting.
Reduce the Number of Attacks:
- Intrusion Prevention Systems/next-generation firewalls to keep attackers out. Save up to $1.6 million.
- Security governance practices that include: Executive commitment, more expertise, and better processes. Save up to $1.6 million.
Resolve Attacks More Quickly:
- Security Information and Event Management (SIEM) enterprise security solutions shorten time to detect and resolve attacks. Save up to $1.9 million.
- Data security with data encryption and protection. Save up to $800 thousand.
Not sure where to begin, what questions to ask, how to ensure you have the best solution for your company? Are you already mid implementation and migration/monitoring is more than expected? This is where No More Salespeople Consultingâ€™s objective expert can help, we bring value to you not only in your infrastructure and budget but in your time. Call for a free no obligation conversation and take the first step.