Post by account_disabled on Mar 9, 2024 19:43:15 GMT -8
A large number of users have entrusted our personal data to various companies, without questioning their proper use. However, the cases of data leaks that have occurred in recent years are causing distrust and many doubts.
Some companies, such as Facebook , have admitted that the personal data of many users were transmitted to other companies to be used for electoral, political, or advertising purposes.
This violation of personal data results in Chile Mobile Number List impact losses of approximately $150 per stolen or lost record in companies.
Cost of stolen records or data breach, according to IBM
The cost of a data breach has increased 12% over the past five years, now showing an average cost of $3.92 million. The expenses are the result of the multi-year financial impact, increased industry regulations, and the complex process of resolving criminal attacks.
"Despite having an economic and financial cost, these types of incidents lead companies and companies to lose not only money," according to Francisco García, Director of IBM Security in Mexico.
This has resulted in various impacts. Despite the obvious economic costs, companies with this type of breach experience other problems such as loss of customers, impact on their portfolio or impact on their image.
Francisco García, Director of IBM Security in Mexico
“Cost of a Data Breach” was a study conducted by the Ponemon Institute, in collaboration with IBM Security. It examines the financial impact of data breaches on organizations. Manager García mentions the results:
Organizations with fewer than 500 employees had a loss of more than $2.5 million, an alarming figure for small businesses, which typically earn $50 million or less each year ."
This same study details the financial consequences of a data breach, which can be particularly serious for small and medium-sized businesses.
According to the manager, “ Cybercrime represents large sums for cybercriminals, and unfortunately that equates to significant losses for organizations. With companies facing the loss or theft of more than 11.7 billion records in the last three years alone, companies must be aware of the full financial impact a data breach can have on their bottom line, and focus on ways to reduce those costs ."
The report also analyzed the long-term financial impact of a data breach, revealing that the effects of such an incident persist for several years.
On average, 67% of data breach costs were incurred within the first year after the breach. 22% recovered in the second year, and another 11% continued to accumulate two years after the breach.
Companies that implemented security automation technologies experienced half the cost of a breach: about $2.65 million, compared to those that did not have these technologies, $5.16 million on average.
Data from Forbes says that the extensive use of encryption (the transformation of a text with an encryption key, making it incomprehensible to those who do not have the decryption key), was also a major cost-saving factor: it reduced the total cost of a gap of 360 thousand dollars.
Breaches originating from a third party (partner or supplier) cost companies 370 thousand dollars more than the average. Which means that companies are increasingly required to inspect the security of the companies they do business with, as well as focus on aligning security standards, and monitoring third-party access.
Some companies, such as Facebook , have admitted that the personal data of many users were transmitted to other companies to be used for electoral, political, or advertising purposes.
This violation of personal data results in Chile Mobile Number List impact losses of approximately $150 per stolen or lost record in companies.
Cost of stolen records or data breach, according to IBM
The cost of a data breach has increased 12% over the past five years, now showing an average cost of $3.92 million. The expenses are the result of the multi-year financial impact, increased industry regulations, and the complex process of resolving criminal attacks.
"Despite having an economic and financial cost, these types of incidents lead companies and companies to lose not only money," according to Francisco García, Director of IBM Security in Mexico.
This has resulted in various impacts. Despite the obvious economic costs, companies with this type of breach experience other problems such as loss of customers, impact on their portfolio or impact on their image.
Francisco García, Director of IBM Security in Mexico
“Cost of a Data Breach” was a study conducted by the Ponemon Institute, in collaboration with IBM Security. It examines the financial impact of data breaches on organizations. Manager García mentions the results:
Organizations with fewer than 500 employees had a loss of more than $2.5 million, an alarming figure for small businesses, which typically earn $50 million or less each year ."
This same study details the financial consequences of a data breach, which can be particularly serious for small and medium-sized businesses.
According to the manager, “ Cybercrime represents large sums for cybercriminals, and unfortunately that equates to significant losses for organizations. With companies facing the loss or theft of more than 11.7 billion records in the last three years alone, companies must be aware of the full financial impact a data breach can have on their bottom line, and focus on ways to reduce those costs ."
The report also analyzed the long-term financial impact of a data breach, revealing that the effects of such an incident persist for several years.
On average, 67% of data breach costs were incurred within the first year after the breach. 22% recovered in the second year, and another 11% continued to accumulate two years after the breach.
Companies that implemented security automation technologies experienced half the cost of a breach: about $2.65 million, compared to those that did not have these technologies, $5.16 million on average.
Data from Forbes says that the extensive use of encryption (the transformation of a text with an encryption key, making it incomprehensible to those who do not have the decryption key), was also a major cost-saving factor: it reduced the total cost of a gap of 360 thousand dollars.
Breaches originating from a third party (partner or supplier) cost companies 370 thousand dollars more than the average. Which means that companies are increasingly required to inspect the security of the companies they do business with, as well as focus on aligning security standards, and monitoring third-party access.