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The State of Data Breaches

  • Published: 6 October 2024

As we start the new year, understanding your business security and the possible gaps within your IT infrastructure is key in protecting your business from cyber-attacks and data breaches. Almost every week, a large organisation is under fire in the news after their data has been leaked as a result of a data breach. The latest report from IBM sheds light on the current landscape of data breaches, highlighting trends, causes, and potential safeguards.

The report underlines the alarming frequency of data breaches, revealing that millions of records are compromised each year. While the numbers may vary, the trend remains consistent: organisations across all sectors are under siege from cybercriminals. From healthcare to finance, no sector is immune, making it evident that a comprehensive cybersecurity strategy is critical for all. There is an underlining urgency throughout the report for organisations to invest in robust cybersecurity measures to protect their businesses from the financial and reputational toils that a lack of cyber security can bring.

The report also highlights the most common causes of data breaches, including the internal and external factors of your organisation. External threats, such as sophisticated hacking attempts and malware attacks, continue to pose substantial risks. Additionally, internal factors like employee negligence and system misconfigurations can inadvertently lead to data exposure.

Individuals, such as your employees, are also vulnerable targets in the face of data breaches. The importance of safeguarding personal information is crucial, and individuals must stay vigilant against phishing attempts, they must use strong and unique passwords, and enable two-factor authentication whenever possible. A proactive approach to your own personal cyber security can go a long way in preventing potential identity theft and financial loss.

As IBM continues to stress in the report that data breaches are not a problem that will simply fade away. As digital processes and products become more integrated into our lives, and cyber threats become more sophisticated and complex, it has become a necessity to implement a constant evolution of cyber security strategies that can protect your business data from falling into the wrong hands. Regular assessment of your network security through penetration testing and employee cybersecurity training can help to prevent and manage these issues, which is an integral part of being proactive in protecting your business.

To enquire about our penetration testing and business security solutions, please contact us –  Email:  sales@timelessims.co.uk or Phone: 0800 328 2852

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