Accidental Data Breaches Can Lead to More Loss than Intentional Hacks

Posted on Dec 01, 2017

Corporations and private sector industries focus a lot of attention to intentional cyber-attacks. If the consistent headlines alone don't highlight the reason for this consideration, raw numbers certainly can; per a report from Beazley, ransomware attacks continue to spike, and are up 50 percent in 2017 from this time in 2016.

Cyber Threat Awareness & the Cost of Accidental Breaches

Along with these stats, thoughtful and dedicated cyber threat intelligence has shown that surprisingly, accidental data breaches can be just as damaging as intentional attacks. According to the same report by Beazley, employee error accounted for 30 percent of breaches while those from malware attacks accounted for only 2 percent more.

The nearly identical level of error between accidental and malicious intent has consistently slowed  the reaction-time from corporations. Especially the two most at-risk industries: finance and healthcare.

Finance
Finance has a high risk of accidental error due to the enormous amount of personal information the industry must keep on file at all times. E-mailing information to an unintended party remains a consistent issue within the financial industry and is the leader in accidental data breaches.

Healthcare
Comparable to the finance industry in the amount of information they handle, healthcare organizations have an added burden with the number of employees that need to access that information, but have little background with cybersecurity awareness.

Healthcare accounted for an amazing 42 percent of all data breaches in 2016.

Intentional attacks, as well as accidental breaches, seem as if they will continue to rise in the coming years. This makes it critical that all industries adapt to the trends in cyber threat intelligence. NC4 has continued to build data showing where risk is most likely to come from; now we must proactively secure our organizations from well-known threats. Products such as Soltra Edge® and NC4 Mission Center™ can help to do exactly that. With easy to use internal communication platforms, and real-time threat detection abilities, the system can be an asset when trying to secure internal data.

This paired with enough power to handle a mission with hundreds of thousands of operational users spanning organizational and geographic boundaries with the ease of everyday collaboration,  proves to be an effective measure for any industry needing to automate and share cyber threat intelligenceContact the professionals at NC4 at 877-624-4999 for more information on our products and services.

 

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