What is a data breach?
So what is a data breach? Simply put, a data breach is when an individual’s name plus a Social Security number, driver’s license number, medical record or financial record (credit/debit cards included) is exposed because of a hacker. This exposure can occur either electronically or in paper format. Many times, these breaches consist of the exposure of user names, emails and passwords, sometimes without involving sensitive personal identifying information. However, there is a growing trend of breaches upon companies and organizations which are exposing very sensitive information at an alarming rate.
Who does a breach affect?
Breaches impact all sorts of industries, from medical organizations, government agencies, as well as companies large and small. Some of these companies have made recent headlines; (click each company for details) Target, Michaels, Home Depot, Kmart, (click this for a full list of these breaches.) These organizations have all reported data breeches that affected millions of customers and patients.
What’s the cost?
So if your company was unfortunate enough to have one of these data breaches, you know that you are looking at all sorts of problems that you may or may not be prepared for. The fact is that a data breach can sink your business costing thousands to millions of dollars in legal fees and other expenses, if you’re not properly protected.
What about my business’s reputation?
Breaches happen, but did you ever wonder how these data breaches actually affect an organization’s reputation? Well a new survey recently found that it takes an average of one year (sometimes longer) for a victim organization to restore its reputation after a hack. Can your business survive a full year before regaining its reputation? If you like most other businesses probably not.
Related article [ Protect Your Business From Being The Next Victim Of Cyber Crime ]
What do I do to protect my business from data breach?
Jim Slick, CEO of Slick Cyber Systems, a security and networking expert for more than 30 years, recommends that every business should perform a risk analysis to understand where you’re business’s possible weakness’s exists. If you are unable to perform a risk analysis, then contact an expert to help review systems. The security experts will be able to provide guidance and then develop a plan to either eliminate or mitigate as much of the risk as possible. If you have a plan, make sure that the plan is updated and tested so that everyone within the company understands that security does not just belong to your I.T. dept., but is a shared responsibility of every employee and executive of the company. Still have questions contact Jim Slick at (570) 371-5800, or visit him online at www.slickcybersystems.com.