Did you know it takes an average of 191 days for a company to realize there’s been a data breach? That’s according to a high-profile study conducted by the Ponemon Institute for IBM Security. This slow response is detrimental to business. It especially puts small businesses in a vulnerable position as many of them do not have the resources to deal with cyber attacks.
A data breach occurs when an unauthorized person gains access to sensitive information. This info can include intellectual property, financial records or employees’ personal details. Because cybercrime has become more and more sophisticated over the years, this has demonstrated a huge need for awareness and training.
Although some of the biggest data breaches in recent history involve big corporations like Target and JP Morgan Chase, it doesn’t mean smaller organizations are immune. The infographic below not only illustrates notable cyber attacks in the 21st century, but also the ways in which businesses can protect themselves.
One of the best ways to shield your business from a data breach is to work with a dedicated security firm. An expert team of cyber professionals can do the following:
- Ensure your networks are armed with the latest software to block viruses and detect bugs
- Provide data encryption services, which translate sensitive info to another form so only those with a password can decipher it
- Conduct regular risk assessments to ensure your business is always one step of ahead of cyber criminals
If you’re still unsure whether to invest in a cyber security framework, consider the long-term damage a data breach could have on your business. Not only would your organization face financial loss, but a cyber attack could also damage your stellar reputation. By staying proactive and protecting your assets, you can ensure your business remains viable in an increasingly digital world.
Infographic Source: https://optimumsecurity.ca/21-biggest-data-breach-of-21-century/