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 2016’s numbers will massively surpass those of 2015’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.
Minimize Data:
- 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 Consulting’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.
