Modern startups are awash in information, from real-time customer insights collected via mobile applications to employee data received through online portals. Founders are constantly making decisions about where to invest, when to hire, how to hire and, most importantly, how to grow. In the rush to cultivate clients and consider business scalability, many startups may fail to truly appreciate the immense responsibility that comes with gathering and storing data.
The 2018 Identity Fraud Study by Javelin Strategy & Research, revealed that the number of identity fraud victims increased by eight percent (rising to 16.7 million U.S. consumers) in the last year, a record high since Javelin Strategy & Research began tracking identity fraud in 2003.
Even at their most basic, information security programs are complex and include a seemingly endless combination of controls to detect, prevent and respond to data loss.
While casting blame for your local team’s loss on Sunday may make for great sports talk, asserting blame for your company’s data breach is an uncomfortable exercise of self-effacement. It is a matter that many company leaders are struggling with. According to a recent survey conducted by the Ponemon Institute, 67% of CISOs expect a data breach or cyberattack in 2018.
Phishing emails remain the number one delivery mechanism for ransomware. The ransomware attack on the Lansing Board of Water and Light in Michigan, which forced the utility to shut down its accounting system, email service and phone lines, succeeded because a single employee opened an attachment to a phishing email.
Patching used to need more planning and manual intervention, but as internet access has improved, many manufacturers now provide built-in Updater Services. Microsoft have taken this further, resorting to patch-guerilla tactics: Ambush Updates. They know what’s best for you, and if you won’t restart your PC then they will. Usually this will always be when it’s least convenient for you, such is Murphy’s Law.
After a data breach, regulators strive to evaluate if an enterprise fulfilled "reasonable" cybersecurity standards… without defining what "reasonable" looks like.
More than 7 million data records are stolen every day.
July 27, 2018
As companies and businesses rely more on technological advancements to collect and store consumer information, they run the risk of exposing sensitive data to anyone from malicious groups to tech-savvy individuals.
A study IBM Security and conducted by Ponemon Institute found that the average cost of a data breach globally is $3.86 million, a 6.4 percent increase from the 2017 report.
