According to a report from the Ponemon Institute, the average cost of a corporate data breach is around $3.6 million, or about $141 per lost or stolen record. Protect your company from the financial fallout of a breach by evaluating and mitigating these four factors contributing to higher costs.
Time Before Detection
Identifying a breach can take anywhere from a few days to more than a year. During this time, hackers could be gaining access to data you thought was secure and distributing stolen information across their networks. The longer an incident goes undetected, the more data is lost, [...]
Each year more and more businesses of all sizes are suffering from cyber breaches. The big names Equifax, Yahoo, Anthem, eBay, JP Morgan Chase, Home Depot, Target and Adobe to name a few grab all the attention. But, don’t be fooled that it only happens to these big businesses.
The latest surveys show that small businesses need all the help they can get. In the last 12 months, hackers have breached half of all small businesses in the United States, according to the 2018 State of SMB Cybersecurity Report. Small businesses, which often don’t have the revenue to afford their own IT departments, are especially susceptible to phishing attacks via email or [...]