Fifty-six percent of organizations experienced a data breach involving more than 1,000 records over the past two years, and of those, 37 percent occurred two to three times and 39 percent were global in scope, according to Experian.
Eighty-four percent of CISOs in North America believe cybersecurity breaches are inevitable, and a lack of influence in the boardroom is making it difficult to justify the necessary cybersecurity budgets.
A company is never able to predict when or by what means it may be targeted in a cyberattack, but it can prepare a robust response plan in the event of a breach. That response – contingent on the team, corporate processes and the technology that supports them – will ultimately determine whether a company ends up on the front page of The New York Times next to Equifax with its clients’ information on the Dark Web.
If a data breach can happen to Home Depot and Target, it can happen to us,” says Lee Bailey, Director of IT Security and Operations for ABC Fine Wine & Spirits, a mid-sized business in Florida with 140 locations and around 1,000 employees.
It’s February. We all know you aren’t going to the gym and eating a salad every day, so let’s stop pretending you’re keeping any of your other new year’s resolutions. But instead of beating yourself up, let’s talk about the resolutions you should have made – the ones that are actually going to stick and make your life easier. They might even impress your boss.
Being adequately prepared to respond to a data breach is an ever-changing game – new threats are emerging, new regulations are being put into place and companies must regularly re-evaluate their response plans to ensure they are applicable to today’s threat landscape. Unfortunately, many companies are not reviewing and updating their plans frequently enough – in fact, only 25 percent of companies say they update their response plans once or twice a year. Not to mention that no matter how well prepared and updated a company’s plan is, an actual live breach response can present unforeseen challenges that cause companies to stumble.
Our August issue cover story features Steve Baker, CSO at State Street Corporation. Also in August, how did a Guidewell Security team member save a life? And learn how digital technology and IoT devices can combat both physical and cyberattacks.