Data Risks 101

Data Risks Are Real.

We live in the mobile digital age. BYOD. Our information and data is mobile, electronic and accessible.  With data being an asset that is increasingly being targeted by thieves for fraud, abuse and gain, every business needs to take steps to protect their data and evidence their efforts along the way. At Identity Fraud, Inc., we focus on three main areas of data risk, namely:

  1. Privacy/Cyber Liability Risks (data in your care, custody or control, e.g. customer data)
  2. Theft of your "BII" or Business Identifying Information
  3. Theft of your "PII" or Personal Identifying Information

Clearly, data is frequently being lost and stolen, which creates the potential for catastrophic loss.

How Does Data Theft / Data Loss Occur

The recent Verizon 2015 DBIR report indicates 75,790 security incidents and 2,122 confirmed cases of data loss. Summary DBIR points include:

  • 85% (roughly) of breaches utilized some form of hacking 
  • 60% of cases, attackers are able to compromise an organization within minutes
  • 23% of recipients open phishing emails and 11% click on attachments
  • 99.9% of the exploited vulnerabilities (attacks that exploit Common Vulnerabilities and Exposures) were compromised more than 1 year after the CVE was published (i.e. timely computer patches are very important) 
  • 96% of mobile malware targets Android apps
  • 5 billion downloaded Android apps were/are vulnerable to remote attacks
For up-to-date news and analysis, please refer to the AIG Cyber Edge App. See:
http://www.aig.com/CyberEdge-iPad-App_3171_470715.html