As many companies know, cybercrime continues to be an epidemic. And each time a type of breach is fixed, a new one pops up. Thus, the topic of today’s post is an infographic: fighting against data breaches from 3rd parties.
In July, we noted the following. It still applies today:
Interpol describes the types of cybercrime that exist — “Cybercrime is a fast-growing area of crime. More and more criminals are exploiting the speed, convenience, and anonymity of the Internet. They commit a diverse range of criminal activities that know no borders, either physical or virtual. And they cause serious harm and pose threats to victims worldwide. Although there is no one universal definition of cybercrime, law enforcement makes a distinction between two types of Internet-related crime. Advanced cybercrime (or high-tech crime) involves sophisticated attacks against computer hardware and software. And cyber-enabled crime includes ‘traditional’ crimes that have taken a new turn with the advent of the Internet.”
“When you have a small business, you rely on third-party vendors. For everything from your networking to your credit-card processing. Unfortunately, 63% of data breaches come from such vendors. And regardless of the source, your firm will be left holding the bill to clean it up. Data breaches cost more than money. They can irreparably harm your reputation. The good news is that there are some precautions to to make sure third- parties don’t compromise your business. But you just have to know what to look for.”
“The average cost of cleaning up data breaches varies between different industries. Medical records can be an average of $355 to clean up for every record breached. While public sector records can be more like $80 per record to resolve. The average cost to clean up breached records has gone up 29% since 2013. Thus, preventing data breaches before they happen is crucial. And reputational damage is even costlier and takes longer to fix!”
Infographic: Fighting Against Data Breaches
United Mail developed the following infographic. It “illustrates how to combat a data breach by using best practices, the latest technology, and helping you decide whom you can trust.”