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High Bit Security: 2/3 of All Data Breaches Preventable With Proactive Security Testing, New Ponemon Institute Study Documents Breach Causes and Costs
Date:6/12/2013

Rochester MI (PRWEB) June 12, 2013

“The ‘gold standard’ for source and cost of data breach information has been Traverse City Michigan’s Ponemon Institute for the last 8 years,” said Barbara Goushaw, Chief Business Development Officer for High Bit Security. “This year’s study dramatically illustrates that companies who take proper precautions can eliminate or mitigate the devastating costs of a data breach.”

Each year, Ponemon Institute researchers interview a significant number of companies across multiple sectors that have experienced a data breach in the last 12 months. For the first time malicious and criminal attacks take the lead as the number one source of data breach (41%) followed by human error (33%) and system glitches (26%). Further, the study showed that breaches as a result of malicious attacks cost $277.00 per record, system glitches cost $174.00 per record, and human error cost $159.00 per record. The study also provided breach costs across multiple different sectors. Healthcare topped the list at $305.00 per breached record with financial a close second at $254.00 per record.

“Proactive security (penetration) testing will identify the vast majority of the issues that leave a company vulnerable to both malicious attacks and system glitches,” said High Bit Security COO, Adam Goslin. “The study found that in 2012, malicious and criminal attacks increased 37% over the previous year. Penetration testing will identify the security holes a malicious attacker would otherwise exploit, allowing the company to address the issues before becoming a victim.”

40% of the breaches were caused by a third party: vendors, outsourced service, or business partners. “Partner organizations who fail to secure the primary company
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