THE REAL COST OF NETWORK SECURITY BREACH

 

When the network of any company is breached then it brings along with it a great financial loss and affects organisation's functioning and damaging company's reputation. United States witnessed the highest data breaches followed by Middle East. Worldwide the cost of breach is going up. Businesses with security automation system were more equipped to handle the data breaches. Healthcare confirmed to incur the highest average in breach cost followed by energy industries, Generally it takes very long about more than 250 days to identify and contain data breaches, but automation helps companies reduce the life-cycle of breach to around 80 days.

 


Malicious attacks were the prime cause of data breaches and this happens in most cases because of human error or system. Malicious breaches were hacked using stolen or compromised credential. The main aim of the hackers in majority of the cases is to extract money. People working from home and using network resources, video conferencing, cloud application raised the probability of their exposure to data breaches and security threats. Every machine that handles data within the network is a potential vector of attack. Security breaches are an expensive issues and the companies affected should be ready to face the consequences. These breaches occur far more frequently. Only the big companies like Equifax catch the limelight and make it to the news headlines. No company whether small or big is immune, Damages done to small companies by security breach can be disastrous. The financial impact are part of the damage that the breached company has to face in addition to losing customers and this loss of customers ultimately leads to increase in financial loss and For some companies the effect of the breach can be disastrous. Therefore all the companies should be extra vigilant to protect themselves from their data being breached.

Destroy all the extra data and information that you do not need and store only sensitive information with proper safeguards by using all the system's security updates, using dual factor authentication, and encrypted information, scan the records regularly. Having a competent security IT team is very essential. The employees should be trained regularly about security. Uber's account also got breached and they had to pay hefty ransom as settlement to hackers to resolve the matter and cover it up. A lawsuit has been filed against a San Diego based Scripps health after malware attack exposed more than 147,000 patients health information exposing their names, addresses, birth dates, health insurance data, medical record numbers, patient's account number and treatment details, social security number and drivers license no.

 

Network Support Services In Murray By Wasatch I.T

 

Wasatch I.T has been working for the Network Support Services Murray State and we’re ready to lend our expertise to you! We offer a good range of IT solutions which will tackle all your network’s needs.

 

Please don’t hesitate to contact us so that we can help you! We’re available to assess your system, diagnose the matter and assist you find an idea which will strengthen your network! For more information on the latest things you should protect your system from, follow us on our website.

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