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Data Security is No Laughing Matter – IWCO Direct

Don’t Be Fooled: Data Security is No Laughing Matter

John Sobieck

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.

Get in touch with us if have any questions about our data security practices, or just want to share your favorite April Fools’ prank.

link https://www.iwco.com/blog/2019/04/02/data-security/
John Sobieck

Author

John Sobieck

Security Analyst with a BFA from Bemidji State University. Believes great work is accomplished by great teams and integrates that belief into everything he does at IWCO Direct. When not focused on data security or practicing Tae Kwon Do, this born traveler can be found exploring Minnesota’s North Shore.

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