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Data breach incidents are really a nightmare for businesses
as well as for the individuals. It takes about $20,000 for a large scale
company to get back to routine somewhat do damage control work after suffering
a data breach incident, that too takes nearly a month to do so. The situation
has gotten so bad that a company suffers almost a loss of $640,000 on leaking
data once that has risen up by almost 23 percent as compared to last year’s
cost per data breach. According to the tech experts, this cost of data breach
is likely to follow the increasing trend in the upcoming years as well.
The Ponemon institute that surveyed nearly 257 companies in
seven different countries and came to know that almost 1,700 attacks suffered
by firms that resulted in a loss of $639,462 on an average, which really
terrifying. It was also revealed that the majority of the firms was not taking
proper measures to secure their records. However, if firms have used Folder Locking Software,
the scenario would have been much better than it is at the moment. But, as
people are lethargic regarding securing their data, so, they will suffer such
heavy losses.
The average cost of cyber crime per company is the US lonely
was $12.7 million per record and US companies as per the report has been
successfully targeted for about 122 times this year. It is surely a big number.
Malicious hacker attacks and the threat from the insider employees of companies
are the most dangerous threats to any business’ information security. In order
to make sure that your data does not get leaked, make use of antivirus software
along with firewalls that keep hackers and other malware programs away from
your database. You need to be attentive and cautious to stay safe from this
deadly risk.
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