Data breach issues have existed long before the discovery of technical methods to deal with them. Over a long period, the data breach has changed its shape and form. Nowadays, companies have to consider every possibility of a data breach from the outside source and inside. It means every third-party vendor and staff member is a potential risk to company data.
According to one report, 2020 has seen 1,001 confirmed data breaches only in the US. Additionally, even 2021 has its share of data breach cases. There have been approximately 9,780,931 publicly reported data breaches, with nearly 57 biggest data breach incidents reported until June 2021.
In 2020, almost 54% of organizations went to remote work in response to the covid-19 pandemic. Estimates show there was approximately a 30% increase in data breach cases alone in May 2020, and about 5% shows insider involvement.
This data indicates the extensive need to monitor the company data in every profound way possible. Even with no unkind purpose, any unintentional mistake from the staff member could cause a latent threat to the company’s data. Such possibilities need to get neutralized by implementing a strong insider threat security system. That not only monitors the sensitive data but also tracks unusual activities of a staff member.
A data breach can take a toll on a company’s financial status and affect organizational operations for the short term. Moreover, any bigger data breach can potentially get used against the company or pose a threat to its reputation. However, installing security systems like EmpMonitor can help organizations improve their security posture and take some edge off their financial and security damages.