Did you know January 28 is Data Privacy Day? If so, you’re an information security rock star! If not, no worries — we’ve got you covered with some quick tips to bring you up to cyber speed.
We’re no stranger to exploring information security — from awareness and compliance to prevention, we’re constantly adapting to an evolving cyber landscape. Here are some ways your business can make data protection a priority, too:
1. Know the impact
As evidenced in the wake of recent data breaches, people aren’t happy when their personal data is exposed in cyber attacks. But did you know that 76% of consumers say they’d abandon a company that experiences multiple breaches?
2. Make compliance cultural
Studies have proven that having a dedicated incident response team in the occasion of a breach can significantly lower the financial impact on an organization. But take it one step further! Share your organization’s prioritization of data privacy with all of your employees — because the more they care, the more likely they are to take care.
3. Do the math
If you’re not sure how your organization stacks up against cyber threats, try plugging some information into this Cost of a Data Breach calculator, provided by IBM and Ponemon Institute.
The calculator takes your organization’s location, industry and security measures into account to a deliver an estimated impact to your bottom line in the event of a threat. Take special note of how some factors, like participation in threat sharing and employee training, can actually lower your estimated costs.