in

Survey: Hackers, Rogue Employees Frequent Reasons for Data Breaches

Survey: Hackers, Rogue Employees Frequent Reasons for Data Breaches - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Survey: Hackers, Rogue Employees Frequent Reasons for Data Breaches - top government contractors - best government contracting eventThe average cost of a data breach has reached $2.4 million, and hackers and insiders are the most common cause for compromises, according to a recent survey of approximately 80 data breach claims.

Conducted by NetDiligence, the survey of 80 data breach claims revealed that personally identifiable information is most frequently at risk in data breaches, exposed in 37 percent of the claims surveyed. Personal health information was next most at risk, exposed in 21 percent of cases, Business Insurance reported.

Hackers are the most frequent cause of data breach losses, responsible in 32 percent of the claims studied, NetDiligence President Mark Greisiger, said, followed by rogue employees or contractors in 19 percent of the claims.

As for the sector most vulnerable to data breaches, healthcare ranked first with 24 percent, followed by financial services at 22 percent. Higher education had also begun to see an increase, Greisiger said.

The average cost of legal defense associated with data breaches was $500,000, according to the survey, with settlement averaging at $1 million. The cost of various crisis-related services associated with addressing a data breach was $800,000 per event, Greisiger said.

 

 

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Admin

A-T Solutions Honored with Award from FRTC - top government contractors - best government contracting event
A-T Solutions Honored with Award from FRTC
Dale Meyerrose: Supply-Chain Security 'Frequently Overlooked' - top government contractors - best government contracting event
Dale Meyerrose: Supply-Chain Security 'Frequently Overlooked'