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There is a step change taking place in the number of data-related incidents.
Data has yet become one of the most valuable asset. Foreseeable, data related incidents occur very often.
Recently we have witnessed a dramatic increase in the number of cyber incidents taking place worldwide. It is expected that damage caused by cyber criminals will continue to increase, and Cyber Security Ventures expect that the global cybercrime damage will hit $10.5 trillion annually by 2025. Data leaks are among the most dangerous and critical threats, which pose threats to both individuals and organizations.
Risks, posed to individuals maybe primarily divides in physical, material or non-material harm, for instance, discrimination against individuals, identity theft or fraud, financial loss, damage to reputation. There is also a significant number of related issues threatening companies and organizations. For instance, disruption of total stoppage of business processes (which lead to financial losses, inability to provide clients or end-users with some services, sometimes very crucial ones); reputational losses, which can lead to customer attrition; loss of confidential data crucial for companies business processes (for instance, loss of software code which can result into loss of market advantage and can in turn lead to shut of the business); leak of work documents and processed data threats employees, clients and third party users.
Such incidents regularly happen worldwide, endanger companies in all regions. We have been monitoring the situation and have gathered some of the most massive data related incidents in thidigests :
This year Malaysia was in the focus on intruder’s attention.
Indonesia attracted lots of intruders’ attention too.
Large data incidents affected Thailand as well.
This list contains data on only some large-scale data related incidents happened throughout this year in a few countries.
It is of crucial importance for companies and organizations to be adequately prepared to mitigate the risks of data breaches and leaks incidents occurrence, as well as to be able to quickly and efficiently mitigate such incidents’ consequences. This task is quite a complicated one; however, it is possible to mitigate risks significantly.
The most basic issues are considered to be the following ones:
Engagement and education. It is critical to stay up to date and understand the tendencies in information security sphere, first of all, for executives. It is simply impossible for responsible leaders to ignore security issues. Ensuring of high-level protection is impossible if employees are not competent in information security issues. When educating staff members, we recommend to focus on social engineering techniques do fraudsters ant help employees to understand the attacks’ principles; explain digital hygiene rules and set requirements for work with corporate information; set rules for password policy and two-factor authentication; inform staff members on new risks arising and how to mitigate them. A good idea is to develop an own or use ready-made educational course to train personnel. Basing on our experience, imitations of phishing attacks, lectures on the topic of social engineering techniques, considering newest methods and topic should be conducted approximately once a quarter.
Advanced protective software implementation and experts' assistance. It should be noticed, that there are some serious challenges that companies and organizations face: talent shortage and high costs (implementation of advanced software and hiring onboard specialists often costs a fortune).
However, there is a solution – MSSP. It helps to cut expenditures, comply with the regulations, ensure high level of protection and get assistance of experienced professionals.