Data Breaches Becoming More Complex, Pervasive and Damaging
Data breaches are becoming more complex and are no longer confined to just the IT department, but are now affecting every department within an organization. Each breach leaves a lingering, if not lasting imprint on an enterprise, according to the 2017 Data Breach Digest from Verizon.
"Data breaches are growing in complexity and sophistication," said Bryan Sartin, executive director, the RISK Team, Verizon Enterprise Solutions. "In working with victim organizations, we find that breaches touch every part of an organization up to and including its board of directors. Companies need to be prepared to handle data breaches before they actually happen in order to recover as quickly as possible. Otherwise, breaches can lead to enterprise-wide damage that can have devastating and long-lasting consequences such as a loss of customer confidence or a drop in stock price."