Brazil is among the most vulnerable countries when we talk about information security. This is what the study sponsored by IBM and carried out by the Ponemon Institute on the financial impact generated by data breaches, “ Cost of Data Breach Study 2016 ”, pointed out.
At the top of the list of 12 countries, Brazil is followed by South Africa, France, and India.
In just one year, the number of incidents of information theft increased by 2,100% in Brazil, going from 3,900 to 85,400 and generating an average loss of R$4.1 million for Brazilian companies.
Worldwide, more than 1,500 interviews were carried out in 383 organizations from 16 industries and 12 different countries. In Brazil, the study collected information from 33 companies from 12 different industry sectors.
In addition to the growth in data loss, the study showed that the average cost for each occurrence of a data breach increased from R$116.00 in 2013, to R$175.00 in the previous year and has now reached R$225.00 .
The report also highlighted the causes of data breach incidents:
- Malicious or criminal third-party attack attempts: 40%
- Negligence and lack of information management: 30%
- Human errors: 30%
This scenario shows the need for greater attention from companies to information security, no longer being something merely desirable, but a mandatory necessity for the survival of organizations.
Measures to reduce risks
Among companies that had some type of data breach, the preventive measures taken were:
- Increase in the use of encrypted data – 47%
- Manual procedures and additional controls – 46%
- Team training and awareness – 43%
- Security and perimeter and navigation controls – 40%
Considering that information is companies' greatest assets, it is necessary for them to start worrying and investing more in improving information security practices. So that we can control this apparent uncontrolled growth in loss and theft of information in companies in the future.
In the global context of the study, a survey was carried out with more than 2,000 organizations. It is possible to list the 7 main points that are considered to defend against possible attacks and data breaches, which are:
1. The investment against information breach is permanent. Organizations need to include a security budget in their planning in order to implement their information protection strategies;
2. There is serious risk of business compromise as a result of loss of information . Companies need to take steps to retain consumer trust and reduce long-term financial impact;
3. Third-party attacks remain the biggest problem . These types of attacks tend to be more serious, taking a long time to repair, causing greater damage;
4. The longer it takes to resolve problems, the more damage. Measures must be taken to speed up the detection and solution of possible problems;
5. The areas of health and financial services are the biggest targets. More important data needs greater protection.
6. Expansion of governance programs. Actions to train, raise awareness and manage employees and leaders.
7. Collaboration is increasingly important. The study showed that there was a reduction in costs when companies shared information about attacks and implemented technologies to prevent data loss.
Share in the comments your experience or opinion about the information security measures carried out in your company!
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