The Real Costs of a Network Security Breach

The Real Costs of a Network Security Breach

Hackers use different methods to infiltrate business networks and steal customers’ personal information. Learn more about the costs of a security breach below.

In the last couple of years, there has been a series of network security breaches that have affected more than 200 million people. Hackers use different methods to infiltrate business networks and steal customers’ personal information. As a business owner, it is your responsibility to make sure your business and client data stays protected from a potential network security breach.

Equifax

Back in 2017, over 140 million U.S. citizens were informed that their information may have been compromised by a massive network security breach at Equifax. Equifax holds data on everyone who has a line of credit (such as loans and credit cards) in the U.S. and for about 3 months, a group of hackers had access to their networks. They were able to gather data on millions of people, that they will now be able to use to do all sorts of bad things. Allegedly, the breach was made possible because Equifax failed to keep their equipment up-to-date. Because of that, millions of people’s privacy was violated.

Uber

In 2016, Uber had their own troubles with a network security breach. This breach exposed the personal data of more than 50 million drivers and passengers. Instead of reporting this breach to the proper authorities and attempting to resolve it properly, they paid hackers to try and cover it up. Now that the cover-up has been exposed, Uber is responsible for paying a $148 million settlement and they will be required to implement a long list of changes to ensure that such an incident can’t happen again.

Chili’s

Most recently, in March and April of 2018, customer payment information from over 1,600 locations was compromised. The company reports that their investigation revealed the breach was caused by malware deployed specifically to target payment card information. They also say that no other personal information was compromised.

Network Consulting: A Proactive Approach to Cybersecurity

Network consulting plays a crucial role in helping organizations strengthen their cybersecurity posture and reduce the risk of security breaches. By identifying vulnerabilities and implementing appropriate measures, network consultants contribute to a more secure and resilient IT infrastructure.

Vulnerability Assessment and Penetration Testing

One of the primary ways network consulting helps prevent security breaches is through comprehensive vulnerability assessment and penetration testing. Consultants thoroughly analyze an organization’s network infrastructure, including servers, routers, firewalls, and other devices, to identify potential weaknesses. They then simulate real-world attack scenarios to assess the effectiveness of existing security controls and pinpoint areas that require immediate attention.

Security Policy Development and Implementation

Network consultants assist organizations in developing and implementing robust security policies tailored to their specific needs. These policies encompass a wide range of aspects, including access control, password management, data encryption, and incident response procedures. By establishing clear guidelines and enforcing them consistently, organizations can significantly reduce the risk of unauthorized access and data breaches.

Security Awareness Training

Human error remains a significant factor in many security breaches. Network consultants offer security awareness training programs to educate employees about common cyber threats, such as phishing attacks, social engineering, and malware. These programs help employees recognize and respond appropriately to potential security risks, thereby minimizing the likelihood of a successful attack.

Incident Response Planning and Disaster Recovery

Despite the best preventive measures, security breaches can still occur. Network consultants help organizations develop comprehensive incident response plans and disaster recovery strategies. These plans outline the steps to be taken in the event of a security incident, ensuring a swift and coordinated response to minimize damage and restore normal operations as quickly as possible.

By partnering with network consultants, organizations can proactively address cybersecurity challenges and significantly reduce the risk of security breaches. The expertise and guidance provided by consultants enable organizations to strengthen their IT infrastructure, protect sensitive data, and maintain business continuity.

IT Solutions and Network Protection from Global Harvest Networks

Global Harvest Networks has been working for the Washington D.C., Maryland, and Virginia areas since 2000 and we’re ready to lend our expertise to you! We offer a wide range of IT solutions that can tackle any and all of your network’s needs. Please don’t hesitate to contact us so that we can help you! You can also give us a call at 443-270-0401. We’re ready to assess your system, diagnose the problem, and help you find a plan that will strengthen your network, all free of charge! For more information on the latest things you should protect your system from, follow us on FacebookTwitterGoogle+LinkedIn, and YouTube.

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The Real Costs of a Network Security Breach
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The Real Costs of a Network Security Breach
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As a business owner, it is your responsibility to make sure your business and client data stays protected from a potential network security breach.
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Global Harvest Networks
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This entry was posted on Friday, July 5th, 2024 at 9:58 pm. Both comments and pings are currently closed.

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