The Cost of Data Breach 2019 Report Findings
As data grows and the world becomes increasingly digitized, breaches will become even more regular in occurrence. The odds of a breach occurring in an organization within two years increased between the years 2019 and 2019 from 27.9% to 29.6% this is up from the 2014 likelihood of 22.6%, a 31% increase in odds over 5 years. Regardless of the steps taken to secure sensitive data, malicious actors will always find new and better ways to cause a system breach. the best way to protect yourself and your organization are by preparing for the incident before it happens. This must be done through a combination of organizational and technological methods to ensure the safety of your customer and employee information. The solution is out there. The question is, what are you going to do to protect your brand, your reputation, and your business?
GDPR Effects on Business Today
It’s been a little over a year after the EU’s General Data Protection Act (GDPR) went into effect. on May 25, 2018, and privacy experts are already heavily scrutinizing adherence to the policy. The GDPR joins Sarbanes-Oxley (SOX), the Payment Card Industry (PCI) compliance, the Health Insurance Portability and Accountability Act (HIPAA), and the Family Education Rights and Privacy Act (FERPA) as one more piece of the data and compliance puzzle that Axis Technology can help you solve!
Data Breach Fines Increase in 2019
As regulators get more serious about ensuring consumer data protection, the number of fines assessed for data breaches in 2019 has now reached upwards of $1.22 Billion. Some of today’s most widely used products and services aren’t doing enough to protect your data. That’s not something the government takes lightly this article provides the breakdown of the biggest fines to date.
CCPA - Are you ready?
Are you ready for CCPA compliance? The cost of a data breach has exponentially increased as the size of data increases. The 14th-annual Cost of Data Breach Study found that the average cost of a data breach was over $3.92M, which on average took 279 days to identify and contain. More and more countries/states are encouraging strict privacy laws that protect consumers. Violations of these regulations could cost you millions. The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2019, and goes into effect on January 2, 2020, but covers data going back to a year to January 1, 2019. This article will give you an in-depth look at the regulation and how it applies to your company. Axis will be hosting a CCPA forum with an implementation solution in 2020. To request more information click here.