July 1, 2021

It’s the largest organizations that make headlines when hacked or breached by cyberattacks. However, don’t think your organization is immune. Data breaches can happen to organizations of any size and have far-reaching consequences by revealing customers’ private information, causing financial loss and negatively affecting a brand’s reputation for years to come.

A joint study between Stanford University and security firm Tessian reveals that 88% of data breaches are caused by human error. Many cybercrimes can be avoided by regularly conducting employee cybersecurity training on data privacy and information security.

About Security Breaches

A cyberattack occurs Every 39 seconds in the United States.
There has been a 300% INCREASE in cybercrimes since the COVID-19 pandemic began.
58% of security breaches expose personal data.
80% of information security incidents are caused by phishing attacks.

The Cost of Security Breaches

The average ransom that is paid to resolve a ransomware attack is $170,000. The cost to recover from an attack is 10 times the ransom, including business downtime, lost orders and operational costs.
The average cost of a security breach is $4,000,000.

The Fallout of Security Breaches

1 in 3 customers switch companies because of the way their data was mishandled.
The average time is takes organizations to identify and contain data breaches is 280 days.

Traliant Insight

Make employees your best line of defense against cybercrime! Provide regular employee cybersecurity training to ensure everyone knows their role in securing information and complying with data privacy laws.

Sign up for a free trial of our Data Privacy and Information Security training:

Error: Contact form not found.