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How Much Will a Data Breach Cost You and Can You Reduce It?

According to recent Trends in Cybersecurity Breach Disclosures report, the average cost of a data breach for a publicly traded company is $116 million. However, it’s worth bearing in mind that this figure will be skewed by the largest cases. The report is based on 639 cyber-security breaches that took place since 2011, and includes some of the largest breaches we’ve seen to date, which … [Read more...]

Maintaining Data Security When Employees Are Fired or Furloughed

When times are tough, employers must tighten their belts, which often involve cutting staff, either indefinitely or for an unconfirmed period of time. Either way, the off-boarding process must be carefully reviewed before doing so. HR will need to work closely with the IT department to coordinate their departure and ensure that they are not putting valuable company data at risk. Depending on how … [Read more...]

How User Behavior Analytics (UBA) can Improve Cloud Security

The need for enterprises to manage and maintain their own IT infrastructure is slowly, but surely, fading. This is hardly surprising given that many cloud service providers offer unlimited bandwidth and storage space at affordable rates, which enterprises can utilize, as and when required. Cloud services provide reliable disaster recovery, which can help to minimize website downtime, as the data … [Read more...]

Preparing to be a CIO: How to Reduce Stress

A Chief Information Officer (CIO) is responsible for the design, implementation and management of our IT systems, and plays an invaluable role in keeping those systems secure. What’s more, there is serious shortage of IT security professionals, and so the last thing we want to do is lose a valuable member of staff or discourage people from pursuing a career as a CIO. However, the life of a … [Read more...]

The Complete Guide to Social Engineering Attacks

Security teams across the globe are grappling with a seemingly insurmountable problem, and that is, people make mistakes! We all have moments of weakness, and we all have the potential of being manipulated by malicious actors. And yes! Even those who are responsible for maintaining the security of our critical systems, will sometimes fall victim to a social engineering scam. With this in mind, … [Read more...]

10 Best Practices for Data Breach Prevention

Almost 15 billion data records have been lost or stolen since 2013 – an issue that affects North America disproportionately more than other parts of the world. Should a company fall victim to an effective data breach, it could result in a loss of reputation, and could incur heavy financial losses. According to the 2019 Cost of a Data Breach Report by the Ponemon Institute, the global average cost … [Read more...]

Six Common Causes of Data Breaches

Data breaches are inevitable. If your organization stores sensitive data, then it’s likely you will experience a data breach at some point. The longer this data breach goes unnoticed, the more damaging it is likely to be to the reputation, bottom line and processes of your organization. If you’re serious about protecting data, then you need to know what a data breach is and be able to spot the … [Read more...]

Steps to a Successful Data Access Governance Program

Data Access Governance (DAG) is a broad term that refers to way we govern access to our data, if you haven’t already figured that out. Data Access Governance involves carrying out risk assessments, implementing privacy policies, discovering and classifying sensitive data, setting up access controls, and monitoring access to critical assets. It also involves analyzing inbound and outbound … [Read more...]

What Lessons Can We Learn from Recent GDPR Fines?

Since the GDPR was introduced in May 2018, the EU’s supervisory authorities have issued over €370 million in fines, although some of these fines are still pending. British Airways has been issued a record fine amounting to £183m (approximately 1.5% of global annual turnover) in relation to a data breach that was first disclosed on 6 September 2018. The breach resulted in the exposure of … [Read more...]

US Authorities Are Still Falling Victim to Ransomware Attacks

Ransomware attacks on both national and local authorities are on the rise, according to a recent report by Recorded Future. During the first quarter of 2019, there have been 21 reported attacks on Government agencies in the US – a number that is likely to rise as not all ransomware attacks are reported immediately. Only yesterday, Texas suffered a ransomware attack which affected 22 cities … [Read more...]