The Center for Strategic and International Studies recently reported that the global internet economy generates between $2 and $3 trillion a year. This number is only expected to increase. Additionally, this report estimates that cyber crime is responsible for a 15 to 20 percent loss of the value created by the internet. The largest losses are due to:
Theft of intellectual property
Theft of financial assets and sensitive business information
Opportunity costs
Additional costs for securing networks
Recovering from cyber attacks – including reputational damage
This report estimates that total losses due to cyber crime are between $300 and $575 billion a year.
OVER HALF THE TIME, NEGLIGENT OR MALICIOUS EMPLOYEES CAUSE A DATA BREACH
Data Breaches Often Occur Within Company Walls
While external threats, such as hackers, are certainly a threat to your cyber security, a recent study from Forrester shows that most often a data breach is the result of a negligent or malicious employee.
This report found that negligent employees account for 36% of all data breaches. This could include an employee accidentally leaving a laptop at a café or replying to scammers posing as clients. Malicious employees account for another 25% of all data breaches. This could include a disgruntled employee who intentionally steals or destroys data.
Our cyber defense service provides you with a simple and efficient way to control all access to your data, wherever it is. Even if a malicious employee saves your data to a personal device, we give you the power to cut access immediately.