The Online Trust Alliance (OTA) recently released its 2015 Data Protection and Breach Readiness Guide for its seventh consecutive year. This guide helps provide businesses with prescriptive advice to help optimize data privacy and security practices to prevent, detect, contain and remediate the risk and impact of data loss incidents and breaches.
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Identity theft is the fastest growing crime in the history of America, and businesses are not immune. There were more than 16 million victims of identity theft in the U.S. just last year, which works out to more than one new victim every three seconds. To put that in perspective, that means there were more victims of identity theft last year than there were reported murders, attempted murders, burglaries, attempted burglaries, arsons, vehicle thefts, purse snatchings, pick pocketings, shoplifting, and check fraud combined. With so many crimes and criminals in circulation, don’t make the mistake of assuming that it will never come creeping into your business.
Every year about this time, Verizon comes out with an annual review of the results of its investigations into thousands of data breaches and security incidents from around the world.
The report can be very data heavy and even a little depressing, but we can learn great things from it. Here are just ten:
Of all the threats that could be stalking your business daily, it is most unpleasant to think about the fact that the biggest threat could already be inside your walls, maybe even on your payroll. Unfortunately there’s plenty of evidence to suggest that the biggest source and cause of security incidents is the humble employee.
The good news is that few of these incidents are deliberate attacks or frauds by your most trusted insiders. Instead they tend to be innocent mistakes which could easily be avoided but which are quickly taken advantage of by hackers.
Did you know that there has been an average of more than one reported data breach in the U.S. every single day for each of the last five years? And that’s only the reported data breaches. The number of unreported or undiscovered data breaches could be ten times, even one hundred times that number.
Those data breaches combined have exposed more than 4.2 billion records, and some studies have found that more than 80% of those breached records have included Social Security numbers.