Decoding Data Breaches
Risk, Impact, and Safety Tips
In today’s age understanding the significance of “data breaches” has become more important than ever. These breaches can have implications impacting not companies but also individuals whose personal information is compromised. In this blog post we’ll delve into the definition of data breaches, the risks they present and effective measures to safeguard yourself and your organization.
What Is A Data Breach?
The Impact of Data Breaches
when it comes to data breaches there are consequences to consider. Apart from the implications, which can be quite substantial (with the average data breach in the U.S. Costing around $9.48 million) there are factors to take into account as well. One of these is the harm to an organization’s reputation, which can make it difficult to attract customers or partners. A survey revealed that following a data breach 60% of U.S. Consumers would refrain from purchasing from a business for months and 21% would permanently sever ties with the organization.
Legal issues can also come up when companies fail to safeguard customer data resulting in fines. For example T Mobile had to pay $500 million in penalties due to a data breach in 2021. Amazon is currently facing an $886 million fine for not having measures to prevent data breaches. Different regulatory agencies enforce fines for non compliance with data security regulations. The penalties can vary depending on the state and the number of records or individuals affected.
What is Insider Threat ?
An insider threat refers to a security risk that arises within an organization typically involving an employee or former employee who has access to information. Contrary to the perception of cyber attackers being hackers located far away the reality is that An employee or someone from within the organization who misuses or exploits their access rights can pose just as significant of a threat.
Insider threats can be categorized as either malicious or accidental. A malicious insider deliberately takes advantage of their access privileges to steal information, disrupt operations. Cause harm to the organization. Their motives often revolve around selling the data to competitors or gaining benefits.
How to prevent insider data breaches.
Kntrol: The Solution, for Preventing Insider Data Breaches
Why Choose Kntrol?
Kntrol Features
Policy Implementation
Access Management
Endpoint Monitoring
Protection for Endpoints
Data Loss Prevention
Incident Response
Reporting and Analytics
Integration and Scalability
As a result, know that Kntrol is monitoring data. when you’re in the air. It prevents issues before they arise, ensures that only authorised individuals have access to your information, and aids airlines in maintaining everything securely. Your travel information is safe with Kntrol!