Plug Security Breaches with IT Security & Compliance Management Solution
Thanks to the advancements in technology, enterprises today are able to collaborate, communicate, and share information online. Technology has opened up new business avenues and a pool of opportunities for enterprises to explore, expand their businesses, and enhance their profitability. Though technology has made things easier, smoother, and faster for enterprises, it has exposed businesses and organizations to a variety of new and emerging information security risks, like security breaches, data leaks, and cyber-attacks. As a result, enterprises face huge risks and liabilities, which cost them millions of dollars per breach. The following are some of the data breach statistics that clearly point out the need to develop a threat management environment.
- In the first quarter of 2012, there have so far been 93 incidents, exposing 2,140,987 records. (Source: Identity Theft Resource Center)
- In 2011, 37 percent of data breach cases involved malicious attacks and averaged $222 per record. Negligence accounted for 39 percent of reported breaches. (2011 Cost of a Data Breach: United States, Ponemon Institute and Symantec)
- Total number of records containing sensitive personal information involved in security breaches in the U.S. is 544,817,607 in 3,002 data breaches since January 2005. (A Chronology of Data Breaches, Privacy Rights Clearinghouse)
- The average total cost per company that reported a breach in 2011 was $5.5 million. (2011 Cost of a Data Breach: United States, Ponemon Institute and Symantec)
- In the United States, data breach incidents cost companies $194 per compromised record in 2011. (2011 Cost of a Data Breach: United States, Ponemon Institute and Symantec)
Hence, what enterprises need is to invest in enterprise compliance management software that allows their users to access applications and information where and when it is required, without exposing the organization to security threats, data loss and compliance risks.This automated and on-demand integrated IT security and compliance management solution provides end-to-end integration of security monitoring with IT Governance risk management and compliance (IT GRC) using a cloud based delivery model. The following are some of the advantages of deploying IT security and compliance management solution.
- Automates all Security, Compliance, Audit, and Risk management needs
- Ensures faster regulatory compliance
- Combats cyber-security threats with proactive assessment, forensics, compliance and security
- Offers Continuous security and compliance
- Reduces Total Cost of Ownership (TCO) dramatically through automation and governance
- Provides Complete Risk Management
IT compliance solution thus provides a safe and secure environment for enterprises to carry out business activities effectively.
Read more on – HIPAA and HITECH, vendor management
Processing your request, Please wait....
