When a data breach strikes, the damage can reach further than a business’s finances, reputation, and customer privacy. A breach can also severely impact the careers of individuals at the company involved. According to a new report from Kaspersky Lab and B2B International, almost one-in-three (31
Breaking careers with data breaches
A data breach in a company can be a life-changing experience for both its customers and employees, according to the recent report from B2B International and Kaspersky Lab ‘From data boom to data doom: the risks and rewards of protecting personal data’. The study shows that 43
The range of employees laid off after a data breach demonstrates that the incident can affect anyone, and 2017 alone saw a wide variety of people fired as a result of data breaches: from CEOs to
Of course, for businesses this means more than just lost ‘talent’: 45
Data beyond control adds to the risk
In modern business, storing sensitive personal data is practically unavoidable: 88
What makes these risks even more tangible is the actual reality of how businesses store data: approximately 20 percent of sensitive customer and corporate data resides outside the corporate perimeter: in public cloud, BYOD devices and in SaaS applications, which makes controlling the data flow and keeping it safe a challenge for businesses.
Data protection measures beyond policies
There’s a need for security solutions that can protect data across the whole infrastructure – including cloud, devices, applications and more. Cybersecurity awareness among IT staff and beyond also needs to be improved, as more and more business units are now working with data, and thus need to understand how to keep it safe.
“While a data breach is devastating to a business as a whole, it can also have a very personal impact on people’s lives — whether they are customers or failed employees – so this is a reminder that cybersecurity has real-life implications and is in fact everyone’s concern. With data now traveling on devices and via the cloud, and with regulations like GDPR becoming enforceable, it’s vital that businesses pay even closer attention to their data protection strategies”, says Dmitry Aleshin, VP for Product Marketing, Kaspersky Lab.