Why Your Business Requires Security

The States and Federal Identity Theft and Privacy Protection Laws now require businesses, agencies and organizations of all sizes to protect all personal information they store, and report to all their customers whenever a breach occurs. The financial ramifications after having a data breach can be very substantial to both present and future business. In some many cases a company never does recover from a breach and is forced to close down. Currently, the average cost on a company is $3.7M per incident.
Jan
12

2008 Data Breach Analysis – By Attack

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When reviewing the 2008 Privacy Rights Clearinghouse’s data breach statistics we broke down the type of attack into five categories: Dishonest Insider, Hacker, Lost/Stolen Computer Equipment, Improper Storage/Disposal of Documents and Dumb Exposure. While the first four are fairly selfexplanatory, Dumb Exposure is when someone posted information they should not have, sent a file to a wrong person, didn’t seal the envelopes prior to mailing, etc.

Dishonest Insider: 7.1% of total attacks
Hacker: 22.3%
Lost Computer Equipment: 35.2%
Improper Storage/Disposal of Documents: 10.3%
Dumb Exposure: 25.2%

The Quick Fix

The following suggestions are made to help business owners know where to start adding security.

Dishonest Insider: Employee Education
Hacker: Network security and password management
Lost Computer Equipment: Password management and data file encryption
Improper Storage/Disposal of Documents: Employee training and paper shredder
Dumb Exposure: Employee training

Please review some of our other blogs to learn what our security experts have to say on these subjects. If you have a specific question, please ask our experts by clicking the ” Have a Question? ” link.

Categories : Security Stats

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