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
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.
The only way to truly secure data in this age is to provide an ecosystem that lives in the cloud across all domains, that allows you to manage data security as if it was on your own domain.John-Philip Galinski, CEO Global Data Sentinel