Hacks on user accounts online can have huge consequences, but only for that individual. However, a data security breach on a business or large organization can result in major costs both for the organization and its customers.
According to a survey from the Department of Business Innovation, organizational data security breaches have increased in 2014. More than 80 percent of large organizations have experienced a security breach and more than half anticipate more breaches to come in 2015. While the number of security breaches has decreased, the overall cost has nearly doubled.
The following infographic from encryption technology provider Egress puts the DBI data into perspective, outlining the scope and scale of the data security challenge.