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What's The Average Cost Of A Data Breach?

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The average cost of a data breach in Australia is estimated at $2.8 million

73% of companies worldwide have been victims of a security breach in the previous 12 months

The cost of data breaches to companies globally is forecast to quadruple by 2019

Cybersecurity is becoming harder by the day and is a bigger and more challenging threat than most companies realise.

It used to be enough to install a firewall and some anti-virus software but hackers no longer attack in such a blunt and direct fashion.

Hackers can penetrate your system through multiple potential weakness points in your business including any email that enters or leaves the network; printers or USB drives; poor internal procedures; failed security patches; or simple human error, to name just a few.

Malicious hackers spend on average between 6 to 8 months in a network before being detected.

You won’t even know they’re there while they slowly ‘scrape’ data, secretly record what your employees are typing or surprise you out of the blue with a demand for ransom money.

These breaches of your security can not only be expensive – they can also ruin your company’s reputation and relationships with your clients.

To keep your company and client data protected it is crucial that you remain constantly up-to-date on what the threat landscape currently looks like, that every possible weakness has been recognised and that you are taking every crucial step possible to provide watertight technological security and also the right training to prevent human error.

That’s why we have created the Data Protection & Privacy Alert newsletter. Written by technical and legal experts, the Data Protection & Privacy Alert gives you best practice advice to keep your customer and company data secure.

Plus, receive a FREE report – Answers to the Top 15 Questions Companies are Asking about Data Security Today – when you sign up for a free 30-day trial to the Data Protection & Privacy Alert.

DISCOVER THE SIMPLE BUT MOST EFFECTIVE STRATEGIES YOU CAN TAKE AND THE COMMON MISTAKES THAT SO MANY COMPANIES ARE MAKING

In this report our experts offer sometimes surprising answers to most common questions asked by companies and their IT workers, including:

  • How to develop a data security strategy and a cybersecurity policy for your workplace
  • How and when to involve senior management in decisions about data security
  • Recruiting the right people to protect your assets
  • Minimum requirements for anti-virus programs
  • Solving the ever-present password problem
  • The best way to secure email transmissions
  • How to test your security level and prevent a breach through a cybersecurity drill
  • Mandatory breach notification laws
  • And… Is compliance enough?

What's The Average Cost Of A Data Breach?

What's The Average Cost Of A Data Breach? 

The average cost of a data breach in Australia is estimated at $2.8 million

73% of companies worldwide have been victims of a security breach in the previous 12 months

The cost of data breaches to companies globally is forecast to quadruple by 2019

Cybersecurity is becoming harder by the day and is a bigger and more challenging threat than most companies realise.

It used to be enough to install a firewall and some anti-virus software but hackers no longer attack in such a blunt and direct fashion.

Hackers can penetrate your system through multiple potential weakness points in your business including any email that enters or leaves the network; printers or USB drives; poor internal procedures; failed security patches; or simple human error, to name just a few.

Malicious hackers spend on average between 6 to 8 months in a network before being detected.

You won’t even know they’re there while they slowly ‘scrape’ data, secretly record what your employees are typing or surprise you out of the blue with a demand for ransom money.

These breaches of your security can not only be expensive – they can also ruin your company’s reputation and relationships with your clients.

To keep your company and client data protected it is crucial that you remain constantly up-to-date on what the threat landscape currently looks like, that every possible weakness has been recognised and that you are taking every crucial step possible to provide watertight technological security and also the right training to prevent human error.

That’s why we have created the Data Protection & Privacy Alert newsletter. Written by technical and legal experts, the Data Protection & Privacy Alert gives you best practice advice to keep your customer and company data secure.

Plus, receive a FREE report – Answers to the Top 15 Questions Companies are Asking about Data Security Today – when you sign up for a free 30-day trial to the Data Protection & Privacy Alert.

DISCOVER THE SIMPLE BUT MOST EFFECTIVE STRATEGIES YOU CAN TAKE AND THE COMMON MISTAKES THAT SO MANY COMPANIES ARE MAKING

In this report our experts offer sometimes surprising answers to most common questions asked by companies and their IT workers, including:

  • How to develop a data security strategy and a cybersecurity policy for your workplace
  • How and when to involve senior management in decisions about data security
  • Recruiting the right people to protect your assets
  • Minimum requirements for anti-virus programs
  • Solving the ever-present password problem
  • The best way to secure email transmissions
  • How to test your security level and prevent a breach through a cybersecurity drill
  • Mandatory breach notification laws
  • And… Is compliance enough?
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