Real cyber security threats
Headlines are not always the best indicator of truth. If you believe in the headlines of big news about network security, you will believe that the biggest threat facing your organization is that malicious hackers tirelessly break through your security system. It is not true.
When studying this free white paper, I found that in fact, mistakes, misjudgments and simple human errors are the biggest causes of personal data disclosure. To my shock, 88% of the data leaks in 2017 / 8 were caused by human error, and the network security incident encountered by Travelex, a currency exchange company, at the end of 2019 was just human error.
Data breaches can be costly, not just in terms of reputation. The office of the information commissioner can impose huge fines on organizations suffering from data leakage, but that is not all.
We usually only consider the cost of data leakage from the perspective of these fines, but my research found a long-term cost: stock price. The shares of companies suffering from data security incidents fell by an average of 2.89%, and the stock market underperformed by more than 15% in three years.
I also found that lack of training and lack of security policies can lead employees to inadvertently put your sensitive information at risk.
But it's not all bad news. Although organizations need to start thinking about the dangers of internal and external threats, there are many measures that can be taken to ensure that a simple error does not lead to costly data disclosure.
What can be done to protect your organization?
As one of the leading suppliers of ISO 27001 certification for small and medium-sized enterprises in the UK, we know that you can use a variety of methods to protect yourself from security incidents.
Our white paper delves into the cyber security risks your organization faces today. We strive to integrate a powerful resource that reveals:
Surprising financial impact of violations
How and why data leakage occurs
The real network security risks your organization is facing
What can you do to protect yourself
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