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1. The High Cost of Data Security Leaks

Data security leaks come in all shapes and sizes. Many are malicious, whereas others are the result of human error. Regardless of the source or intent, data leaks can be tremendously detrimental to businesses. Consider these findings when assessing just how important data protection actually is:

• Malicious intent is on the rise. Previously, most data leaks resulted from of human error or system glitches. According to Ponemon Institute’s 2013 "Cost of Data Breach Study", 41 percent of data leaks are now criminal attacks, as opposed to 33 percent for human error, and 26 percent for system glitches.

• Criminal attacks cost more. If it wasn’t enough that malicious attacks are now more common than ever, they are also far more costly. A record lost on behalf of a criminal attack will cost, on average, $277. 

• Preparation is key. Having a built-in system for data leaks can reduce the cost of a compromised record by as much as $42. Furthermore, reaching out to an outside source for assistance with a breach response can reduce your costs by an average of $13 per compromised record. Be sure to have a plan in place should such an incident arise. 

Tags: Security, Data, Managed IT, Preparation, Malicious attacks

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