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5 Best Practices for Data Breach Prevention in 2019
In today’s digital economy an increasing volume of information is collected and data is turning not only into a more valuable, but also into a more vulnerable resource. For businesses it has become a key input for growth, differentiation and for maintaining competitiveness. With data’s expanding importance, information security is evolving into a critical aspect for organizations, as the risk of sensitive data being breached – due to intended or unintended incidents – increases at an alarming pace. Data breaches are security incidents where confidential information is leaked or stolen from a system without the knowledge or authorization of the system’s owner. According to a study conducted by the Ponemon Institute, the average cost for each lost record increased by 4.7 percent from 2017 to 2018 (from $141 to $148), while the average total cost of a data breach rose from $3.62 in 2017 to $3.86 million in 2018, marking an increase of 6.4 percent. As security breaches make new headlines every week, companies must ensure that sensitive data is adequately protected in order to prevent loss or theft. The security measures include the policies they have in place to protect it, as well as the strategies and tools at their disposal for breach mitigation.
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