The Risks

Our DataRiskStages solutions help defend against the trends

The world is changing, becoming more complex and risky—from the tactics hackers deploy to the government regulations that mandate business to the enforcement tools and security technologies that make a sound defense. Few organizations, especially small and mid-size businesses, have the tools and expertise to meet these challenges.


The risk trends are sobering

  • Direct costs from data breach, on average, reached $204 per record compromised in 2009, an increase of 51 percent over five years. Lost business costs per victim rose to $135.

Source: Ponemon Institute 2010 Annual Study – U.S. Cost of Data Breach


  • Roughly 1 in 4 U.S. consumers have had their personal or payment information exposed in a data breach. Among those people whose companies set up breach notification, 19 percent became the victim of attempted fraud.

Source: Javelin Strategy and Research, June 2010


  • Almost one-third of U.S. healthcare organizations report that they have had at least one known case of medical identity theft.

Source: 2010 HIMSS Security Survey, November 2010

  

  • 35 percent of large U.S. businesses have had a significant security incident within the last 3 years and 82 percent say that it’s likely that they will experience a similar incident within the next 3 years.

Source: Solera Networks and United Trust Strategies, October 2010

 

  • Many organizations face multiple and sometimes competing compliance mandates. . . On average, non-compliance cost is 2.65 times the cost of compliance (among companies studied). . . Non-compliance costs include business disruption, productivity loss, revenue loss, fines, and penalties.

Source: The Ponemon Institute, January 2011

 

  • For every business, privacy should be a basic consideration—similar to keeping track of costs and revenues, or strategic planning. . . By their nature, privacy harms are often hidden from view. . . The FTC will take action against companies that cross the line with consumer data and violate consumers’ privacy.

Source: The Federal Trade Commission, November 2010

 

These risks are why we do what we do 

Our team of data breach and identity management consulting experts can help with that defense, shielding your organization and those of your commercial customers, assessing potential risks, helping with drafting a data breach incident response plan, and, in the event of a data breach, responding in force.

With vigilance, your business, your organization, and your commercial customers and members can reduce the risk of becoming a costly statistic.


For business inquiries, call 888-682-5911 or email info@idt911.com. If you need identity theft assistance, call your provider organization to be put in touch with the IDentity Theft 911 Resolution Center.