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
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