With the days of falling victim to April Fools’ Day pranks largely behind me (no more notes on my back like in middle school, at least I hope), the first of April has mostly become a day for chuckling at whatever wacky jokes companies like Google, Netflix, and countless others come up with. However, some small part of me still approaches April Fools’ with extra caution, wary of any surprise pranksters looking for an excuse to cause trouble. It’s with this attitude that IWCO Direct approaches information security every day of the year.
The Economic Impact of Data Security is Nothing to Laugh At
The 2018 Cost of a Data Breach Study, sponsored by IBM Security and conducted by the Ponemon Institute LLC, found that the average cost of a data breach last year was $3.86 million (or $148 per lost or stolen record). This is the result of costs incurred due to detection and escalation, notification to customers and regulatory agencies, post-breach response and lost business cost. Clearly, data security is no laughing matter.
How to Avoid Playing the Fool
One step IWCO Direct takes to improve its readiness on April Fools’ Day—and every day of the year—is to constantly test and be tested, whether by completing certification assessments (such as ISO 27001, PCI DSS and HITRUST), hosting our clients for information security assessments or conducting internal audits. While caution is a great stance to take, proactively testing is even better.
Another way to keep on top of issues is to leverage the knowledge offered by the information security community—researchers, tech vendors, regulators, and even our clients. Alerts, newsletters, industry training, and a good old-fashioned phone call can shed light on the newest threats and vulnerabilities and help us all to be more prepared. We’re all in this together, and while finding your door wrapped in plastic or your car filled with bouncy balls may be something to laugh at, data security has to be taken seriously.
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