US organizations face the highest costs with a data breach with an average of $8.19 million per breach, according to a new study by IBM and the Ponemon Institute.
Nearly 40% of the average total cost of a data breach comes from lost business, which includes increased customer turnover; lost revenue due to system downtime; and increasing cost of acquiring new business due to a damaged reputation.
In 2020, personal data was involved in 58% of breaches in 2020 according to Verizon.
The most expensive component of a cyber-attack is information loss at $5.9 million, according to Accenture.
Remote workers have caused a security breach in 20% of organizations, according to Malwarebytes.
95% of cybersecurity breaches are caused by human error, according to Cybint.
Organizations with 1 -250 employees have the highest malicious email rate of 1 in 323, according to Symantec.
Manufacturing companies account for nearly 25% of all ransomware attacks, according to Security Intelligence.
93% of healthcare organizations experienced a data breach in the past three years, according to the Herjavec Group.
When purchasing Business IT Solutions (bits) or Formulated IT Solutions (fits) from ProActive Information Management (pim), you and your organization can feel secure knowing that pim is using all in its powerful arsenal, fueled by Sophos, such as firewalls, encrypted remote tools, and an advanced managed threat response. This advanced managed threat response utilizes advanced threat hunting, detection, and response capabilities that take action to neutralize threats. However, to best protect your organization and its reputation, you also need a good information security program.
MPWRSource has partnered with pim and CentraVance Consulting to offer you RepProtect. Not only will you receive advanced managed threat responses from pim, but with RepProtect, your organization and its reputation are protected as well.
RepProtect is an information security program (infosec) offered by CentraVance Consulting. It consists of a comprehensive set of infosec policies and procedures, which is the cornerstone of any security initiative within an organization. Whether your organization is responsible for protected health information (PHI), personally identifiable information (PII), or any other proprietary information, having a fully developed program provides you with a holistic approach for safeguarding and protecting the information for which you are responsible. Building an infosec program means designing and implementing security practices to protect critical business processes, IT assets, employee data, and customer or patient data. The process of building a thorough program also helps define policies and procedures for assessing risk, monitoring threats, and mitigating attacks, thereby protecting the confidentiality, integrity, and availability of your organization’s most critical assets.
Creating an Information Security Policy for your organization. CentraVance will update the policy annually, but if changes are made to regulations, organizations or systems, the policy may be updated more often.
Performing a Risk Assessment, annually. However, a risk assessment may be needed sooner with new software, hardware, policy upgrades, technical changes, and physical changes.
Creating forms and contracts related to your infosec management system while following National Institute of Standards and Technology and International Standards Organization guidelines.
Providing Information Security training virtually to your staff annually, and for new employees. Additional training may be provided if there have been regulatory changes or changes within the organization.
Monthly security reminders via newsletter, email, or short webinar.
Ability to reach out to your Client Concierge with queries, comments, and concerns via phone or email.
By purchasing RepProtect at the time of purchase or renewal with pim’s fits or bits solutions, you will receive your first month FREE.
Combining pim’s advanced managed threat solutions with RepProtect gives you the power to protect your organization and your organization’s reputation.