breach cost data breach

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Published By: VMware     Published Date: Sep 12, 2019
You’ve heard the stories: a large Internet company exposing all three billion of its customer accounts; a major hotel chain compromising five hundred million customer records; and one of the big-three credit reporting agencies exposing more than 143 million records, leading to a 25 percent loss in value and a $439 million hit. At the time, all of these companies had security mechanisms in place. They had trained professionals on the job. They had invested heavily in protection. But the reality is that no amount of investment in preventative technologies can fully eliminate the threat of savvy attackers, malicious insiders, or inadvertent victims of phishing. Breaches are rising, and so are their cost. In 2018, the average cost of a data breach rose 6.4 percent to $3.86 million, and the cost of a “mega breach,” those defined as losing 1 million to 50 million records, carried especially punishing price tags between $40 million and $350 million.2 Despite increasing investment in security
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VMware
Published By: Secureworks     Published Date: Nov 11, 2016
This paper takes an in-depth look at the true costs — both short and long term — of a data breach, and provides steps and tips that executive teams and security leaders can use to determine and reduce the true cost of a data breach.
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managed security services, data breach, security, hackers, security, threat and vulnerability management, cost
    
Secureworks
Published By: Symantec     Published Date: Jun 27, 2013
Symantec Corporation and Ponemon Institute are pleased to present the 2013 Cost of Data Breach: Global Analysis, our eighth annual benchmark study concerning the cost of data breach incidents for companies located in nine countries. Since 2009, we have provided a consolidated report of the benchmark findings from all countries represented in the research. In this report, we present both the consolidated findings and country differences.
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symantec, data breach, global analysis, benchmark findings, research, best practices, technology, security, knowledge management, data management, business technology, data center
    
Symantec
Published By: Juniper Networks     Published Date: Jul 31, 2019
The Security Operations Center (SOC) is the first line of defense against cyber attacks. They are charged with defending the business against the many new and more virulent attacks that occur all day, every day. And the pressure on the SOC is increasing. Their work is more important, as the cost of data breaches are now substantial. The Ponemon Institute’s “2017 Cost of Data Breach Study” says the average cost of an incursion is $3.62 million. The study also says larger breaches are occurring, with the average breach impacting more than 24,000 records. And with new regulations such as the EU’s General Data Protection Requirement (GDPR) putting stiff financial penalties on breaches of personal data, the cost of a breach can have material impact on the financial results of the firm. This trend toward increasingly onerous statutory demands will continue, as the U.S. is now considering the Data Privacy Act, which will bring more scrutiny and accompanying penalties for breaches involving
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application management, application performance, network infrastructure, network management, network security
    
Juniper Networks
Published By: Lenovo - APAC     Published Date: Aug 13, 2019
How much money does the average data breach cost? How many days of downtime does ransomware cause? How many millions of people have their data exposed? Discover the vast impact on time, money & productivity of security breaches. Investing up front in strong security, will save you in the long run. Comprehensive end-to-end security not only reduces the risk of being compromised, it also brings benefit to the business., Taking steps to invest in the right solutions, that use rigorous, trackable and auditable security standards, across their entire supply chain is a must to mitigate risks. ThinkShield provides that and so much more. It is a security solution that offers end-to-end protection that drives productivity, innovation, and profitability.
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Lenovo - APAC
Published By: McAfee     Published Date: Dec 04, 2014
The attacks continue. The breaches occur. Penalties are assessed. While most universities manage to keep pace with the latest digital trends, they have been far less timely when it comes defending their networks and sensitive data against the latest targeted attacks and threats. This lack of protection is evident as recent headlines expose costly data breaches of student records and research, state and federal compliance violations, and a raft of other privacy and security issues that put students, alumni, staff, and the institutions themselves at considerable risk.
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mcafee, security crisis, higher education, breaches, digital trend, privacy, security issues, sensitive data
    
McAfee
Published By: Sprinklr     Published Date: Jan 05, 2018
Data breach costs can cripple a company. Here’s how to be knowledgeable to ensure vigilance in the case of calculating the cost of a data breach.
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data breach, calculate cost data breach, calculate cost, data, breach. cost data breach, cost, calculate
    
Sprinklr
Published By: Entrust Datacard     Published Date: Jun 09, 2017
Security professionals attribute more than 63% of confirmed breaches to weak, default or stolen passwords. Analysts say more than 80% of all confirmed breaches involve privileged credentials. And the average cost of a data breach totals more than $3.8M. Almost every story reporting statistics like these concludes with “the password is dead.” The world clearly must move on from passwords in the battle to protect data – or at least attempt to phase them out.
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Entrust Datacard
Published By: Worldpay     Published Date: Apr 29, 2015
In 2014, the UK saw online sales exceed £10bn per month. For small businesses, getting online is a great way to increase revenue. However, there’s no escaping the fact that small e-retailers are most at risk of suffering a data breach and that breaches are increasing. It is your responsibility to keep the card payment data of your customers safe and a failure to secure your systems could be a costly mistake which leads to penalty fines, lost custom and bad publicity. Worldpay is the leading payments provider in the UK and Europe. Whilst Worldpay has fewer businesses suffering data breaches, compared to our market size, we have a unique oversight on most UK card data breaches. We have compiled our insight and advice into this guide so all businesses, new or old, can ensure they are prepared.
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ecommerce, payments, online payments, small business, fraud, security, card payments, card data, pci dss, e-retail, data breach, hacking, sql injection, malicious web shells, cyber security, sme
    
Worldpay
Published By: Symantec     Published Date: Nov 19, 2014
This report examines a wide range of business costs, including expense outlays for detection, escalation, notification, and after-the-fact (ex-post) response of a data security breach.
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the cost of a data breach, business costs of a data breach, responses to a data breach
    
Symantec
Published By: IBM     Published Date: Oct 13, 2015
What truly affects the cost of a data breach? Ponemon Institute’s latest study of 350 organizations around the globe details both the cost and impact of data breaches, with breakdowns by industry and country.
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ibm, data breach, ponemon institute, jp morgan, global analysis, networking, security, software development, it management, knowledge management, enterprise applications, data management, business technology
    
IBM
Published By: IBM     Published Date: Apr 04, 2016
What truly affects the cost of a data breach? Ponemon Institute’s latest study of 350 organizations around the globe details both the cost and impact of data breaches, with breakdowns by industry and country.
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ibm, data breach, global, ponemon institute, knowledge management, enterprise applications
    
IBM
Published By: IBM     Published Date: Apr 04, 2016
What truly affects the cost of a data breach? Ponemon Institute’s latest study of 350 organizations around the globe details both the cost and impact of data breaches, with breakdowns by industry and in the United States.
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ibm, data breach, united states, ponemon institute, knowledge management, enterprise applications
    
IBM
Published By: IBM     Published Date: Jul 26, 2017
IBM Security and Ponemon Institute are pleased to release the 2017 Cost of Data Breach Study: Global Overview. According to our research, the average total cost of data breach for the 419 companies participating in this research decreased from $4.00 to $3.62 million The average cost for each lost or stolen record containing sensitive and confidential information also significantly decreased from $158 in 2016 to $141 in this year’s study. However, despite the decline in the overall cost, companies in this year’s study are having larger breaches. The average size of the data breaches in this research increased 1.8 percent
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data breach, security, research study, data trends
    
IBM
Published By: IBM     Published Date: Jul 26, 2017
IBM Security and Ponemon Institute are pleased to present the 2017 Cost of Data Breach Study: United States, our 12th annual benchmark study on the cost of data breach incidents for companies located in the United States. The average cost for each lost or stolen record containing sensitive and confidential information increased from $221 to $225. The average total cost experienced by organizations over the past year increased from $7.01 million to $7.35 million. To date, 572 U.S. organizations have participated in the benchmarking process since the inception of this research.
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data breach, data protection, trends, research study, information protection
    
IBM
Published By: Modis     Published Date: Mar 09, 2015
In the wake of the recent Sony data breach, customer and company privacy issues have become a hot topic in the media and the tech sector. The Sony incident and other widely covered consumer-facing data breaches experienced by Target, Home Depot, JPMorgan Chase and others have had a significant financial impact on these companies. Experts are projecting that both the number of incidents and the cost of dealing with data breaches will increase in 2015. To combat these attacks, businesses must respond with a heightened awareness of cybersecurity as well as increased spending on enterprise security as needed. Designating high level executives to lead security and hiring certified security experts are among the best practices for stronger IT security in 2015 and beyond. Download to learn more!
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modis, security challenges, it spending, privacy concerns, cybersecurity, security experts, data breaches, consumer facing breaches, security, it management
    
Modis
Published By: Microsoft Office 365     Published Date: Sep 26, 2017
Data breaches are more than a security problem. A significant attack can shake your customer base, partner relations, executive staff, profits, and revenue. Historic data breaches have cost executives their jobs, resulted in major revenue losses and damaged brand reputations. In a 2014 study of 700 consumers about brand reputation by Experian and the Ponemon Institute, data breaches were reported as the most damaging occurrence to brand reputation, exceeding environmental disasters and poor customer service.1 In a world where data breaches have become commonplace, what steps can be taken to minimize damage?
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Microsoft Office 365
Published By: IBM     Published Date: Jan 09, 2015
IBM sponsored the and Ponemon Institute examined the actual costs of data breaches at 61 US companies and drew on the results of more than 500 interviews to reveal the true costs of data breaches today, from detection and escalation to customer churn. Read the analyst research to find out the average number of breached records per company, the real reasons most data breaches occur, the capital outlays that a breach requires, and the rate at which customers abandon companies after a breach occurs.
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data breaches, data breach detection, business continuity management, malware, security, knowledge management, data management
    
IBM
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