When it comes to breaches, there are no big fish, small fish, or hiding spots. Almost every type of organization – including yours – has critical personally identifiable information (PII) stored. Storing PII makes you a target regardless of size, industry, or other variables, and all it takes is one employee thinking a phishing attempt is legitimate. That means everyone’s at risk.
Statistics show that data breaches are on the rise and can bring devastating, long-term financial and reputational repercussions to your organization. The 2019 Cost of a Data Breach Report, conducted by Ponemon Institute, estimates the average total cost of a data breach in the United States to be close to $4 million. And the average price for each lost data record, says the report, is around $150.
Breaches happen in so many ways, a one-size-fits-all solution doesn’t exist. Security requires a multifaceted approach to be successful. Here are four ways (plus one) your organization can beef up its data security barriers and prevent data breaches.
1. Train employees
Put all new employees through data security training and require all employees to take a refresher course at the start of every year, so the latest security guidelines are fresh in their minds.
While this type of training can be dull, it only takes a few minutes to cover the essential details. For example, employees should:
Treat all devices (e.g., desktops, laptops, tablets, phones) as being capable of accessing the organization’s systems
Never write down or leave a record of passwords where others can easily find them
Be extra suspicious of emails or phone c ..