A decade ago, many organizations might not have considered a data breach as something to cause worry. Now, the potential compromise of sensitive data is considered a consistent cost of doing business.

The 2017 Cost of Data Breach Report by Ponemon Institute and IBM Security clearly revealed that a data breach is a permanent risk for organizations of all sizes and industry backgrounds. The report further estimated the average cost paid for each stolen record containing confidential information is $141.

No Industry is Immune

There is not an industry or locale safe from cybercriminals with motivation. Organizations storing sensitive and personally identifiable information (PII) are the most susceptible and remain highly prized targets.

In 2016, the Online Trust Alliance reported that more than 90 percent of data breaches could have been prevented by having a solid plan in place—from adherence to basic compliance processes to using available technologies for proactive detection (Read more...)