Data Breach: If you know that proof lies in numbers, it couldn’t be more valid for document security breaches.
A rising number of industry statistics are highlighting growing data breaches across the world and their impact on an entity’s bottom line.
Most people consider that data security breach in business means hackers and phishing emails from unscrupulous cyber criminals and ransomware.
Although these are real threats, every business and entity of every size must have a document security plan because cyber criminals do not differentiate between company size when it comes to stealing data.
So, let’s take a look at what exactly Data Breach is and How to prevent it.
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Here are some recent statistics around security breaches that could come as a surprise to you:
1. Over 3500 data breaches in the first half of 2019
Between the years 2015 and 2018, the number of data security breaches increased by approximately 200 every year.
In comparison to the same time frame last year, over 50% increase in cyber crime incidents took place in the first half of 2019 alone.
Several factors can attribute to this spike. For one, the rising prevalence of cloud environments and the move from on-premise to roaming or hybrid settings.
2. 270 days
The average time frame to identify and contain a data security breach is approximately 270 days.
By the time a business realizes and begins to make changes to its data security plans, crucial time is lost and with the organization’s profitability.
Research indicates that cyber criminals exploit visibility gaps and make their way through realms of documents without notice.
More so, they can stay around longer, without being detected and cause further damage to an already compromised scenario.
The longer a cyber criminal hovers in an organization, the higher and more intense are the security breaches.
Extended periods of security breaches cause considerable amounts of records to be pilfered. In a hybrid and cloud environment, it can become challenging to deal with visibility.
Specific tools such as a blog or agent-centric solutions may not provide constant visibility to look into all the workloads of the company and individual cloud accounts.
Even if organizations can monitor all the happenings in their security surroundings, having relevant tools to detect such threats in real-time in addition to intuitive workflows are imperative to resolve the problem.
3. Misconfigured databases account to over 35% of error related data breaches
In essence, a misconfigured cloud database is as good as a break in the infrastructure.
Regardless of whether the organization has failed to implement accurate access control or has left the cloud storage environment unsecured, the ensuing outcome is a welcoming open ground for hackers.
For instance, global delivery services leader FedEx uncovered a cloud storage bucket with over 110,000 scanned documents that included passport and driver credentials left vulnerably open without a password for several years.
Document security is a critical issue faced by almost every business across the world.
Regardless of whether the company is uploading its documents onto the Internet through cloud storage devices or platforms, or transferring from one employee to another, pdf files and documents can be at significant risk of falling victim to cybercriminals.
On the other hand, documents in their physical form have a high probability of getting lost or spoiled either due to fire, theft or damage.
Across the world, companies are paying a high price due to data theft and security breaches.
The severity of a compromised data security situation and the outcomes of a document breach are causing more and more companies to look into their data security measures seriously.
How to handle Security Breach
Almost every day, employees forget that digital documents, no matter how humble and boring can actually lead to a data breach.
And while document security through digital rights management (DRM) may sound lofty, it is a critical need in today’s business environment that can prevent your business from being bogged down from the consequences of information leakage and theft.
Confidential information can stay secured within your business environments through DRM implementation.
Many companies who have implemented DRM solutions have already benefited from the positive impact of these solutions in their daily operations.
Not only can you safely control the access and use of the information inside and outside your company, but you can also effectively share and distribute your digital content securely through DRM.
Crucial bookkeeping records, financial transactions and the like in a business must be collected, recorded, backed up, treated, distributed and ultimately disposed of in the right manner.
An effective way of preventing your documents from being stolen or compromised is to protect them through DRM solutions. Documents and PDF files can be safely secured from unauthorized copying, distribution and piracy.