Category Archives: Cost of a Data Breach

Security Automation Can Save You $3.05M in a Data Breach

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When it comes to reducing security breach costs, companies with security artificial intelligence (AI) and automation can save millions, per a new report. According to the most recent IBM Cost of a Data Breach Report, organizations with fully deployed security AI and automation save $3.05 million per data breach compared to those without. That’s a 65.2% […]

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Cost of a Data Breach: Banking and Finance

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The importance of cybersecurity has touched almost every industry. Beyond that, robust cybersecurity is table stakes for several sectors, particularly health care and the banking and finance industry. Not only is financial data at risk, but so is customer trust. In banking and finance, trust means everything.  Yet, consumers are hesitant to share their confidential […]

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How to Prepare for and Respond to a Data Privacy Breach

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Before I started covering cybersecurity, I thought the term ‘breach’ had a single meaning — that an attacker stole data from a computer system. I also thought all the different versions of the word meant the same thing. However, I’ve since learned the nuances and differences between a breach, a data breach and a data […]

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What’s New in the 2022 Cost of a Data Breach Report

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The average cost of a data breach reached an all-time high of $4.35 million this year, according to newly published 2022 Cost of a Data Breach Report, an increase of 2.6% from a year ago and 12.7% since 2020.

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National Backup Day: Don’t Forget the Basics

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This Thursday, March 31 at 9:30 a.m. MT/11:30 a.m. ET, join the National Cybersecurity Center, IBM Security X-Force’s Laurance Dine and Stephanie “Snow” Carruthers, and other security experts, for a World Backup Day discussion on best practices, preparedness and more. Catch the conversation on Twitter. National Backup Day is March 31, which serves as an […]

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Why We Need To Beat ‘Breach Fatigue’ — At Work and at Home

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Data breaches come at such a fast pace that the public doesn’t seem to pay attention to the latest incidents, or they’re practically forgotten in a week — just in time for the next breach to make headlines. Instead of cries for better personal data protection, however, consumers seem less concerned even as more companies […]

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How to Cut Down on Data Breach Stress and Fatigue

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If you’re tired of hearing the words ‘data breach’, you’re not alone. It’s looking like 2021 might end up becoming the year with the most ransomware attacks on record. In August, SonicWall reported that the global ransomware attack volume had increased 151% during the first six months of the year compared to H1 2020. The […]

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What the SEC Requires From Businesses After a Data Breach

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Consumers have become wary of data breaches and the decreased safety of their personal information. However, the cost of a data breach is no longer only a matter of money and your company’s good name. There is now a third critical reason to pay attention: the U.S. Securities and Exchange Commission — more commonly referred […]

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The Cost of a Data Breach Goes Beyond the Bottom Line

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How do you measure the cost of a company data breach? You could try asking those that have been attacked. The IBM Security Cost of a Data Breach Report 2021 did just that, and the numbers reveal some hard truths.  For example, ransomware attacks cost an average of $4.62 million. These costs included escalation, notification, […]

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Data Breach Pulse Check: On-Prem Database Security

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A recent industry study analyzed 27,000 on-prem databases across the globe, with surprising findings. In far too many cases, on-premises database security is weak. The good news is that you can manage the risk to cut down on the chance of a data breach.  Nearly half (46%) of internal data assets in the study had […]

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