Nearly 30% of breaches caused by neglect

Nearly 30% of breaches caused by neglect

Ponemon Institute publishes updated data breach study

The annual Ponemon studyon data breach trends demonstrates a continued increase in the cost and frequency of data breach incidents worldwide. While about 48% of data loss is a result of a malicious or criminal attacks, 27% of breaches are caused by negligent acts from employees or contractors.This carelessness often stems from mismanaged processes for controlling data destruction.

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According to the report, some of the biggest factors that impact the cost of a data breach include mismanagement by third-parties (added $13.40 to the cost per stolen record), compliance failures (contributed $11.90 to the cost), and lost or stolen devices ($6.50 of added cost per record).

The report demonstrates the rising cost of data breach incidents and the importance of investing in preventative programs that mitigate the risk of a security incident. When it comes to IT Asset Disposition, having good policies and programs in place to track and manage data bearing assets from the time they are removed from your production environment until the data on these devices are destroyed is key. When working with any third parties (like Cascade), ensure they also have proper controls and incident response programs in place.

Cascade put together a list of Best Practices, templates, and other resources to help organizations mitigate the risk of a loss of data. 

Credit and thanks to: Cascade Asset Management Newsletter