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COST OF DATA BREACH 2021

Compromised credentials is the costliest initial attack vector

Overview

The Cost of a Data Breach Report, with independent research from the Ponemon Institute and sponsored by IBM Security, identifies the costs and financial consequences of data breaches.​

  • Independent, quantitative analysis of 537 recent breaches

  • Benchmarks for 17 geographies and 17 industries

  • Exceptional insights into security best practices

The proof points and resources from this year’s report can help you effectively prepare, prevent, and respond to a data breach.

Report Highlights

  • Security automation effectiveness grew, $3.81 million savings with security automation fully deployed vs. no security automation

  • Remote working increased the average cost of breach, $1.07 million cost difference where remote work was a factor in causing the breach

  • Mega breaches cost mega millions, 100x cost multiplier of mega-breach cost-increasing costs vs. the average data breach

What can you do to mitigate the risks?

  • Password is not enough. Implement Multi-Factor Authentication and Risk-Based Authorization to your applications and systems.

  • Protect the keys to your kingdom. Control the use and distribution of powerful privileged accounts such as root and Administrator.

  • Right Provisioning. Assign least privilege to users and take them away immediately when no longer required.

 

We can help. Our people, technology, and methodology are the catalysts that can provide a true Identity and Access Management solution that works for your business.

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