Negligent Employees Top Cause of Data Breaches - Malicious Attacks Most Costly - Slide 3

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8
Next Negligent Employees Top Cause of Data Breaches - Malicious Attacks Most Costly-3 Next

If the organization has a CISO with overall responsibility for enterprise data protection the average cost of a data breach can be reduced as much as $80 per compromised record. Outside consultants assisting with the breach response also can save as much as $41 per record. When considering the average number of records lost or stolen, all of these factors can provide significant and positive financial benefits.

Symantec Corp. (Nasdaq: SYMC) and the Ponemon Institute recently released the findings of the 2011 Cost of Data Breach Study: United States, which reveals negligent insiders are the top cause of data breaches while malicious attacks are 25 percent more costly than other types. The study also found organizations which employ a chief information security officer (CISO) with enterprise-wide responsibility for data protection can reduce the cost of a data breach by 35 percent per compromised record. The organizational cost of a data breach was $5.5 million last year. The seventh annual Ponemon Cost of a Data Breach report is based on the actual data breach experiences of 49 U.S. companies from 14 different industry sectors.

“This year’s report shows that insiders continue to pose a serious threat to the security of their organizations,” said Francis deSouza, group president, Enterprise Products and Services, Symantec Corp. “This is particularly true as the increasing adoption of tablets, smart phones and cloud applications in the workplace means that employees are able to access corporate information anywhere, at any time. It is essential for companies to put the proper information protection policies and procedures in place to counterbalance these new realities.”

More Slideshows:

Secrets to Business Transformation: The Seven Deadly Sins Effective business transformation won't happen unless business leaders give employees a cause to believe in.

Top Five Tips for Enabling a Self-Defending Endpoint Stay on top of endpoint security by preventing costly malware outbreaks and data breaches, even as the barrage of attacks intensifies.

Top Five Tips To Keep Your Customer Happy — Network Performance Tech issues, even small ones, can have an enormous impact on a company's ability to consistently deliver a positive customer experience.


Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

More Slideshows

infra100-190x128 Top 10 Strategic Technology Trends for 2017

Here are the top 10 strategic technology trends that will impact most organizations in 2017. Strategic technology trends are defined as those with substantial disruptive potential or those reaching the tipping point over the next five years. ...  More >>

Compliance4-190x128 GRC Programs: Building the Business Case for Value

Experience shows that organizations that manage GRC as an integrated program — involving people, processes and technologies — are more successful in delivering value to their organizations ...  More >>

Social14-190x128.jpg 10 Ways to Improve Your Social Media Security Policy and Posture

When phone calls, video conference information, pictures, chat logs, etc. are all stored in a central location via social media, a potential hacker has access to just about everything, quickly and easily. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.