Hurricane Data Breach

Risk Management

Data breaches, like hurricanes, are unpredictable and with that unpredictability comes risk. You can’t board up every window in town, and you can’t protect every data element from all threats, despite your advanced planning and preparation. The experience of an actual breach can be overwhelming, disconcerting and potentially fatal to an organization.

While it’s impossible to plan for every contingency, it can be helpful to assess the level of risk that a data breach poses. Just as the wind intensity and storm surge can be used to forecast the level of damage from a Hurricane Category 2, knowing the severity of a data breach can help you formulate a proper response.

Some types of data, such as Social Security numbers or Personal Health Information, carry more risk than, credit card data.  Stolen credit cards are currently yielding between ten cents ($0.10) to one dollar ($1) on the black market. Medical records though, are fetching between $25 – $300.  Clearly an obvious difference if you are in the market of stealing.

The sources of a breach are varied as the breaches themselves. The Sixth Annual Benchmark Study on Privacy & Security of Healthcare conducted by Ponemon Institute found that half of all data breaches were caused by criminal attacks, and the other half were due to other problems—unintentional employee actions, third-party snafus, and stolen computing devices. Measuring data breach severity by this factor alone is risky.

Ransomware attacks are seen as posing a higher risk than a lost or stolen laptop.  In fact, The total number of users who encountered ransomware between April 2016 and March 2017 rose by 11.4% compared to the previous 12 months (April 2015 to March 2016) – from 2,315,931 to 2,581,026 users around the world. The total number of users who encountered ransomware between April 2016 and March 2017 rose by 11.4% compared to the previous 12 months (April 2015 to March 2016) – from 2,315,931 to 2,581,026 users around the world.  The extortion model is here to stay

Hurricane Data Breach can strike anytime, anywhere—no one is immune. It’s not a question of if—but when—your organization will experience a serious security breach. You can’t stop every cyberattack. However, your key stakeholders, clients, and other observers do expect you to take reasonable measures to prevent breaches in the first place, and when that fails, to respond quickly and appropriately.

Through ChannelSOC, our partners leverage state of the art detection and prevention methodologies and technologies that help gain knowledgeable information on how to lower risk and prevent catastrophic cyber security incidents.

The ChannelSOC Team does all the heavy lifting and our Security Operations Center will notify your team when a Cyber-Threat is detected.

Find out who is targeting your client’s network and what Cyber-Threats their environment is exposed to.

Info@ChannelSOC.com

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