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Data theft: On the increase!
In recent years with the increase of portable data devices, there has been a steady increase in the rate of data theft. Information security is a top concern for all companies, credit unions and banks today. Most of these companies and organizations have implemented strong firewall security solutions and data protection techniques which do a good job of protecting them against hackers and viruses and malicious internet threats. Unfortunately, most companies and businesses are not fully protected against the ever increasing range of threats they face today. For many, if they have perimeter security, they think they are covered. A Device firewall is an effective security solution that helps companies protect information against the threat from the the use of personal devices such as MP3 players, PDAs, flash thumb drives, including Bluetooth and WiFi components inside the workplace. How does this pose a threat? While these personal data storage devices may appear totally innocent, the fact remains that in the wrong hands these types of device can present a serious security risk to any organization. And with the average financial impact of each security breach now exceeding £100,000. Simply put, the cost of doing nothing has never been more expensive! Employing the use of a Device firewall can drastically minimize and even prevent altogether the risks of data theft, unauthorized data transfer and the introduction of malicious content by actively managing these device types. What's the potential cost to a financial institution? Financial institutions face a very unique and quantifiable threat to their stability and credibility from the loss of customer data. Specific costs that could arise from just one incident of customer data theft include: * Loss of deposits from member defection
* Loss of deposits from loss of potential members
* Loss of revenue from loans serviced elsewhere
* Loss of goodwill from negative PR
* Cost of fines imposed by state and federal regulators
* Cost of investigating the data theft incident
* Cost and disruption from a rush-implementation of security software
* Cost of lawsuits brought on by the victims When everything is taken into consideration, can companies and financial institutions afford not to protect themselves?
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Contributor's Note
Food for thought... A data thief only needs to be lucky once,
You have to be lucky every time!
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Comodo - FREE Internet security solutions
Hardware Firewall Protection
PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
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The copyright for this content entitled "Data theft: On the increase!" has been specified by the contributor as:
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The copyright for this content has been relinquished by the author. The content may be used freely by anyone.
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This intel was contributed by Puniksem
Puniksem
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May, 2012
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