Posts Tagged ‘data breach’
Many of you probably live in fear. Fear of a data breach.
While a breach may sound innocent enough—simply someone on your team that might have lost, misplaced, or mis-transferred some data—your clients, patients and regulators may think otherwise.
In 2019, the average breach affecting relatively small organizations costed them the likes of $73,000. The cost of reputational damage to vendors and clients may actually be far greater.
I’m sure it’s of little surprise that in recent accounts with CEOS, their two greatest worries ranged from a list of technical-related developments that have recently arisen surrounding stolen and breached data and being victim of a ransomware attack.
Many CEOs know firsthand of their company experiencing a ransomware attack. Those that have lived through a ransomware attack understand the devastation and ruin involved in recovery efforts. When recovering from a ransomware attack, one thing is clear—there is no free lunch (everything will cost you).
Is your likelihood of a breach or attack REALLY that low?
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One way or another, data breaches or ransomware attacks begin with one common denominator.
Human Error.
Whether it is someone clicking on an email. OR misconfiguring a router or server. Or even using a default or easy-to-crack password. Or it’s not having patched a computer. When a ransomware attack occurs, it’s certain that someone made a mistake.
What’s worrisome to me about 2020 is that hackers are going to greater lengths to get into your systems.
They are specifically targeting you and your company like a well-targeted marketing campaign. They are scanning your network from the outside for very commonly misconfigured pieces (mistakes that someone on your IT team could have easily made without noticing much).
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Over the past few years there has been no shortage of news of a data breach or vulnerability. Each had major financial and reputation-related consequences. Each with its own way in.
It might seem impossible. As organization leaders or board members, how can you make sure your organization can escape the barrage of headlines bombarding the news? Who can you trust and what advice will be critical to avoid a devastating mistake?
One thing is clear: what most organizations have been doing is not good enough anymore. Attacks and breaches keep occurring. Cybercriminals are defining clear targets—as if they had better marketing strategies defining clearly each of their targets. They know your vulnerabilities and have vectors to break through those weaknesses.
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