The theft of computers is rising exponentially. In today’s environment of Data and Identity Theft, it is a company’s obligation to protect the data and provide their employees a safe computing environment For organizations that use personal electronic records to handle non-public customer information, the need to protect that data has never been greater. Identity theft has reached epidemic proportions; in fact, over 500 million Americans have had their personal information (PI) subjected to possible compromise since 2005. Government mandated compliance with HIPAA, HITECH, SOX, FISMA, Graham Leach Bliley Act, and Red Flags Rule have forced the Medical, Financial, and Insurance market sectors to look towards IT security products that provide User Authentication, Data & Information Protection, Hardware Security, Audit Trails, and Asset Management to comply with the security and privacy portions of those Acts.
- Stolen or lost laptops account for 36% of all data breach cases. Data breaches concerning lost, missing or stolen laptops are more expensive than other data breach incidents
- More than 82% of the companies surveyed had more than one data breach during 2009 involving 1,000 or more records containing Personal Information
- The average organizational cost of a data breach increased from $6.65 million in 2008 to $6.75 million in 2009
- Data breaches cost their companies an average of $204 per compromised record – of which $144 pertained to indirect cost. Highly trusted industries per compromised record costs were higher, with Energy $237, Financial $249, Services $256, Research $266, Healthcare $294 and Pharma $310 per compromised record.
Preventive Solutions
Organizations should strongly consider a holistic approach to data security, whether it is data at rest or in transit. Many kinds of cost effective enterprise data protection solutions are now available. The most effective solutions are multi pronged approaches that include:
- Data Encryption
- Data and Asset Loss Prevention Solutions
- Identity and Access Management Solutions
- Endpoint Security Solutions
We recommend using CyberAngel® Security Software for any of the following situations:
- Any computer used in a business that is subject to regulatory compliance such as HIPPA, HITECH, SOX, FISMA, Graham Leach Bliley Act, Red Flags Rule, and / or state security breach laws.
- Any computer that contains or can access protected or confidential data including office based PCs, tablets, laptops or remote PCs.
- Any business partner’s computers that work with your protected or confidential data.
- Any employee’s personal computer that is used for communicating protected or confidential information / data.
- Any individual’s computer that contains personal or confidential data (online accounts, banking, bill pay, tax programs, budget and finance, education, health, legal, etc.).
Our goal at CyberAngel Security Solutions, Inc. is to help our clients prevent data breach incidents as a result of loss or theft and the recovery their stolen assets. Since such incidents appear to now be a fact of life for most organizations, we strive to work with our clients to ensure a comprehensive data protection schema for mobile computers and vulnerable desktop machines. We also want to ensure that the victims of thefts, most commonly the end-user, has a resource to provide them with recovery of that stolen asset. By virtue of being able to track and locate that stolen asset, we are often able to assist law enforcement with the recovery of other items stolen during that theft. Additionally, our clients rely on us to provide guidance in the protection of their computer assets that follow best practices and ensure regulatory compliance.