Special report on security
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This document discusses trends in data breaches and cybersecurity threats. It notes that data breaches have been doubling in cost year-over-year, now averaging over $5.5 million per breach and $200 per compromised record. While external agents were responsible for most breaches in 2011, retailers experienced many breaches in 2013. The document advocates for educating employees, implementing two-factor authentication, developing strong and changing passwords, having an incident response plan, and exploring new security technologies using machine learning to help limit organizations' risk and reduce costs from breaches.
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Special report on security
- 1. Is having your data and identity compromised the NEW NORMAL? Dan DeBlasio June 4th, 2015 IN AN INCREASINGLY DIGITAL WORLD CYBERSECURITY IS A SERIOUS PROBLEM
- 2. SNAPSHOT OF IDENTITY MANAGEMENT
- 3. BREACH TRENDS LOOKING BACK BEFORE DIVING AHEAD
- 6. IN A WORLD WHERE THE NORM IS CYBERSECURITY BREACHES …… IT IS IMPORTANT FOR ENTERPRISES TO HAVE MEASURES IN PLACE FOR PREVENTION AND CONTAINMENT OF AN ATTACK Not a question of “IF” but “WHEN”
- 7. 2011 THREAT AGENTS OVER TIME BY PERCENT OF BREACHES 2011 continued the shift towards external agents’ involvement in a high percentage of data breaches. Though we have always seen an external majority, never before has any year been so one-sided.
- 8. 2012 THREAT LANDSCAPE OVERVIEW
- 9. 2013 THREAT SUMMARY 2013 may be remembered as the “year of the retailer breach,” but a comprehensive assessment suggests it was a year of transition from geopolitical attacks to large-scale attacks on payment card systems.
- 11. Data breaches double YOY Average cost +$5.5 million / $200 per record Corporations are being sued for data loss (Sony) (Ponemon Institute) THE TRENDS: BREACHES ARE DOUBLING IN COST
- 12. COST PER RECORD VARIES IN HARD AND SOFT COSTS (NOT FACTORING TRUST / LOYALTY) At 100 records variance is between $357 / record to $12 / Record At 1,000,000 records variance is between $27.50 / record to $0.06 / Record Glass half full Glass half empty That is a LARGE Variance in my book!
- 13. IT’S IN THE CLOUD…..... But which Cloud…… Private (Iaas) Public (SaaS) Hybrid (PaaS) ….and is your data and identity safe and secure?
- 14. WHAT THE CLOUD BRINGS Who owns the security? Who is liable in a breach? Who restores Trust?
- 15. FORMS OF STRONG IDENTITY TODAY
- 16. ACTUALLY, YOUR DIGITAL IDENTITY TYPICALLY LOOKS LIKE THIS:
- 17. PASSWORDS ARE A WEAK DEFENSE Verizon Data Breach Investigation 2013
- 18. SUMMARY Educate employees on phishing attacks (e-mails) Develop strong and changing passwords Or better yet deploy two factor authentication, especially for external and mobile access Have a post breach strategy and communications plan to limit damage to brand and customer trust Investigate new security measures utilizing cutting-edge systems that use machine learning and, ironically, big data analysis may give a huge boost to the powers of corporate security teams. If you are looking to limit your risk of a security breach and cut the cost of the damage by more then half in real $$$:
- 19. REFERENCES Verizon: Data breach investigations reports 2011, 2012, 2013, 2014 and 2015 BBC News: Cybersecurity: Defending 'unpreventable' cyber attacks, By Paul Rubens Technology reporter Forbes: The Power And Problem Of Privilege In Cybersecurity, Tom Kemp, CEO of Centrify Frost-Sullivan: Damballa Failsafe Review 4-14-2015 Gartner: Identity and Access Management Summit 2008
Editor's Notes
- Problem statement: In an increasing digital world cybersecurity is a problem (Title) Positive principle. Positive principle: In a world where the norm is security breaches it is important for enterprises to have measures in place for prevention and containment of a security breach……….COST and business value. Huge losses in revenue beyond the cost of the record! What you invest in terms of business value is recoverable! For C Suite executives, for prevention and containment, this is your insurance policy.
- It’s not the whole story, however. Nor is it the most important one. The most significant change we saw in 2011 was the rise of “hacktivism” against larger organizations worldwide. For the Fiscal year 2010, the Secret Service arrested more than 1,200 suspects for cybercrime violations. These investigations involved over $500 million in actual fraud loss and prevented approximately $7 billion in additional losses.
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- We are often asked whether “the Cloud” factors into many of the breaches we investigate. The easy answer is “No—not really.” It’s more about giving up control of our assets and data (and not controlling the associated risk) than any technology specfic to the Cloud.