How to Avoid the Costly Headaches of a Data Breach

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Monitor your team's activity

Monitoring employee behavior and account usage can help organizations detect a suspicious pattern that stops an insider threat before it occurs. However, this strategy is usually ignored due to a lack of intelligent execution just shy of placing surveillance cameras on IT employee desks. Instead, organizations should utilize best practices around keylogging, auditing and live monitoring of IT admin sessions to ensure that a detailed audit of each user's activity is readily available, which can be used to identify suspicious activity before a breach occurs, or to quickly identify the source of an attack that has already taken place.

In the wake of eBay's recent data breach, many consumers and security professionals have been extremely vocal in their protest of the company's response to the situation; some are calling it one of the worst corporate crisis responses they've ever seen. eBay's stock price in the days after the breach took a major hit, dipping to the lowest since December 2013. When considering the costs of a data breach, damage to company systems, loss of intellectual property, remediation and forensic costs are usually what come to mind. Some organizations also factor in the cost associated with reputation damage, which may harm revenue, as well as industry fines or possible prosecution. Thycotic, a provider of privileged account management solutions for global organizations, has compiled the following list of best practices for mitigating data breaches and avoiding the costly headaches associated with them.

Thycotic Software deploys smart, reliable, IT security solutions that empower companies to control and monitor privileged account credentials and identity access for administrators and end users. An Inc. 5000 company, Thycotic is recognized as the fastest growing privileged management vendor in IT security and one of the top 30 fastest growing companies headquartered in Washington, D.C.

 

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

 
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