“What’s in your wallet…?” Now we all know, thanks to Capital One’s data breach of 106 million customers. So why didn’t Capital One ensure its own cybersecurity?
The Perfect Storm: Dynamic Industry, Low Rewards and Limited Skills
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“What’s in your wallet…?” Now we all know, thanks to Capital One’s data breach of 106 million customers. So why didn’t Capital One ensure its own cybersecurity?
The Perfect Storm: Dynamic Industry, Low Rewards and Limited Skills
As data continues to grow at exponential rates, companies must create a solid data management plan to make the most of this asset and put them in the best possible position for success. Obtaining this level of “information utopia” doesn’t come without its share of challenges.
Information management oversees data throughout its life from creation to deletion and having a clear plan will help maximize the best use of IT budgets. Consider one of the most common business functions, email.
Smaller firms suffer the steepest consequences when hit with a cyber attack. Findings show 60 percent of small businesses that suffer a data breach go out of business within six months of the attack. The average attack costs a firm roughly $4 million dollars. The outlook is bleak but there are options.
