Wednesday, July 6, 2016

What is the impact of data theft in an organization?

Data theft in business networks increased by 29% since 2013, the most affected organizations stored health data. Half of these attacks have been caused by external groups with accomplices within the organization and in 25% of cases with human error. Are the main conclusions of the study "2016 Cost of Data Breach Study: Global Analysis" conducted by the Ponemon Institute on behalf of IBM.

Specifically, Ponemon asked 383 companies in the US, Britain, Germany, Australia, France, Brazil, Japan, Italy, India, United Arab Emirates and Saudi Arabia. According to the study, the average cost to a company of a data theft on their networks has increased from 3.79 to 4,000,000 dollars since 2013.

In addition to the costs of a data theft, the study noted that business has high chances of suffering a theft or loss of data within a period of 24 months. Companies in Brazil and South America are more likely to suffer these thefts. As for the cause of the attacks, 48% come from criminal groups; 27%, technical errors and 25%, of human error.

To avoid these incidents organizations must have a computer incident response, which can reduce the cost of data theft up to $ 400,000. It is advisable to also use encryption to continuous safety training to employees and management positions.


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