Five Common Causes of Data Breaches
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The document outlines five common causes of data breaches, including human error, insider threats, poor access control, reliance on DLP and CASB solutions, and the increasing use of mobile devices. It highlights the significant financial impact of data breaches on organizations, particularly during the pandemic, with costs averaging $4.24 million per incident. Seclore, the company behind this document, offers a data-centric security platform designed to help organizations protect their information effectively.
Five Common Causes of Data Breaches
- 1. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com www.seclore.com Five Common Causes of Data Breaches
- 2. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com OVERVIEW Most dreaded terms for any business DATA BREACH Intellectual Property (IP) Data breaches can cause an organization to lose Money Goodwill and Reputation
- 3. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com ● Danger has increased in these times when businesses are getting used to the so-called “New Normal” of work-from-home/work- from-office hybrid models ● According to an IBM report, the cost of data breaches hit a record high during the pandemic phase. OVERVIEW $ 4.24 Million per incident
- 4. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com FIVE COMMON CAUSES OF DATA BREACHES Human Error Insider Threats Poor Access Control Sole Reliance on DLP and CASB Solutions Increasing Use of Mobile Devices
- 5. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com HUMAN ERROR ● Poor password hygiene: Using a password for an extended duration, writing it down, and sharing it with colleagues and managers substantially increases the risk of a data breach. ● Misdirected email: Sending a confidential report to Jon Smith, an external vendor or consultant, instead of John Smith ● Forgetful employees: Using an email security solution that requires senders to manually apply security to sensitive emails.
- 6. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com INSIDER THREAT ● An insider could be your former employee, consultant, vendor, or partner with legitimate access to your network and data ● Legitimate keys to the kingdom enables the rogue entity to cause severe damage in terms of millions of dollars and ill repute undetectably ● Pandemic has fueled the possibility of insider threats ● Reduced visibility of IT and security teams in the work-from- home environment is a perfect recipe for a rogue employee to perpetrate a security breach
- 7. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com POOR ACCESS CONTROL ● Proper permissions given to the right people can save you from a potential data breach on most occasions ● There are some inherent challenges in the currently used access management models, and they can be challenging to navigate ● Most ECMs allow you to set folder-level permissions, and everyone who has access to a specific folder gets access to all documents in it ● Security and permissions of the ECMs do not get passed on to the downloaded copies.
- 8. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com SOLE RELIANCE ON DLP AND CASB SOLUTIONS ● Enterprises have relied extensively on traditional security solutions such as Data Loss Prevention (DLP) and Cloud Access Security Brokers (CASB) to identify and monitor internal threats ● They can even stop sensitive data from leaving the enterprise perimeter ● DLP can’t prevent data leaks when running only in “monitoring” mode ● Legacy DLP solutions usually work with structured data
- 9. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com INCREASING USE OF MOBILE DEVICES ● Enterprises have encouraged employees to use their mobile devices for work and have detailed BYOD policies ● Number of people using their personal mobile devices for work has increased rapidly during the work from home phase ● Using mobile devices is known to increase productivity, it comes with a host of security challenges. ● Enterprise-class malware, mobile botnets, presence of outdated or rogue apps, using public internet services, loss, device theft, etc., are known to cause data breaches in such devices
- 10. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com SECLORE ABOUT ● Seclore offers the market’s first browser-based Data-Centric Security Platform, which gives organizations the agility to utilize best-of-breed solutions to discover, identify, protect, and audit the usage of data wherever it goes, both within and outside of the organization’s boundaries. ● The ability to automate the data-centric security process enables organizations to fully protect information with minimal friction and cost. ● Over 2000 companies in 29 countries are using Seclore to achieve their data security, governance, and compliance objectives.
- 11. © 2021 Seclore, Inc. Company Proprietary Information www.seclore.com 691 S. MILPITAS BLVD SUITE # 217, MILPITAS, CA 95035 1-844-4-SECLORE info@seclore.com www.seclore.com CONTACT US Global Headquarters USA – West Coast 691 S. Milpitas Blvd Suite 217 Milpitas, CA 95035 1-844-473-2567 Europe Seclore GmbH Marie- Curie-Straße 8 D-79539 Lörrach Germany +49 7621 5500 350 India Excom House Second Floor Plot No. 7 & 8 Off. Saki Vihar Road Sakinaka, Mumbai 400 072 +91 22 6130 4200 +91 22 6143 4800 Saudi Arabia 5th Floor, Altamyoz Tower Olaya Street P.O. Box. 8374 Riyadh 11482 +966-11-212-1346 +966-504-339-765 Singapore Seclore Asia Pte. Ltd. AXA Tower, 8 Shenton Way Level 34-01 Singapore – 068811 +65 8292 1930 +65 9180 2700 UAE Seclore Technologies FZ-LLC Executive Office 14, DIC Building 1 FirstSteps@DIC Dubai Internet City PO Box 73030 Dubai, UAE +9714-440-1348 +97150-909-5650 +97155-792-3262 USA – East Coast Graybar Building 420 Lexington Avenue Suite 300 New York, NY 10170 1-844-473-2567