This is the future of Cyber-Security. This is GROUND-BREAKING. This will change the industry forever.
So what is the cost of true peace of mind that your client's sensitive data is safe?
- Yes this is NEW, but so were Microsoft, Apple Computer, and Madden Football at one time.
- The Financials listed here are REAL, and based on Facts. Not opinions.
- There is a genuine reason to invest in this software.
- It solves a real-world multi-billion dollar problem.
- Do it while you can, and don't make this something you wish you had done.
- Your client's sensitive data depends on it.
- Your company's reputation may depend on it.
- Your company's existence may depend on it.
- Be proactive instead of reactive.
- Remember, no matter how evolved your database defenses may be as a whole, they only protect the database as a whole.
- With a Phishing Attack, once a valid user name and password are obtained, those defenses mean nothing. We protect at the cellular level.
- It WORKS
If the old ways were working, then the global cybersecurity market size would not be forecasted to grow to 248.26 billion in U.S. dollars by 2023. It is growing because the usual ways aren't enough and are not providing enough protection to sensitive data!
According to the
"These days, major data breaches are becoming a common occurrence. From the Marriott scandal last year to the Yahoo! and Target breaches of 2013, it's becoming more and more evident that even
the largest companies are vulnerable to hackers. This makes it even more important that corporations focus on a thorough and well-funded cybersecurity plan, something that
use to be thought of as a formality more than anything else."
"In addition to the 141 percent increase in overall budgeting since 2010, cybersecurity spending has increased around the world and across industries. In 2019, worldwide spending
on information security products and services is estimated to reach over $124 billion."
"The top cyber spending area worldwide is on security services, as many companies and consumers are increasingly nervous after the recent data breach scandals." And rightly so.
"Spedning on security services has reached $64.2 million in 2019...spending on infrastructure protection is at $15.3 million, and companies have spent $13.2 million on network security"
"...there are several strategies companies can employ to properly manage their cybersecurity budgets. The first is to invest in solutions that fulfill your team's specific needs. Just because a
competitor does things one way, doesn't mean you should stick to that model. Perhaps obviously, you should also prioritize the protection of your most
costly and sensitive data before all else."
According to Pensions&Investments: "Asset managers and other financial firms spend roughly $2,300 per full-time
employee on cybersecurity a year, said a results of a survey released..." back in May of 2019.
They also went on to reference Julie Bernard, a principal with Delloitte's risk and financial advisory unit and insurance sector leader for cyberrisk services at Deloitte & Touche. She stated that: "Of course, money alone is not the answer -- as we found in the study, higher cybersecurity spending doesn't necessarily
translate into a higher cybersecurity maturity level." She went on to say: "While everyone is looking for an efficiency ratio for their cyber costs, how a security program is planned,
executed and governed is as important, if not more."
Everyone keeps going to the same well, and yet companies big and small still continue to get breached, and the consumer continues to suffer for it.
According to Dan Swinhoe of CSO: "Just like in regular business, cyber criminals have a cost of operation and a return on investment to worry about. Unfortunately,
a new report from Deloitte has found the cost of committing cyber crime is incredibly low."
"The math of attack versus defense are simply unfair. Attackers can afford to sell records for peanuts, yet the cost to both the business (and the individual victim if their information is
exploited) is much higher."
"Armour’s Black Market report found personally identifiable information (PII), while costlier, is still worth less than $200 per record on the dark web.
Visa and Mastercard credit card information available for $10 per record. Even banking information for whole accounts is only worth $1,000, even if
said account has up to $15,000 in it. In many cases, old information is simply given away for free. This contrasts sharply with the penalties to businesses of losing records.
According to IBM’s latest Cost of a Data Breach report,
the average cost to a business per record lost is $233 and can be much higher in tightly-regulated industries."
Remember however, that these breaches typically involve millions of records impacted.
"Deloitte estimated even a low-end cyber attack costing just $34 per month could return $25,000, while the more expensive and sophisticated attacks costing a
few thousand dollars could return as much as $1 million per month. Meanwhile,
IBM estimates the average cost to a business of a data breach is $3.86 million."
"The low cost of entry, relative ease with which attacks can be deployed, and the high returns means the potential pool of threat actors isn’t
limited by technical skill level. 'If we look at the barrier to entry
three years ago versus the barriers to entry now, a lot of these very focused services really didn't exist or
were just starting to kind of really come into the market,' says Keith Brogan, managed threat services leader at Deloitte Cyber Risk Services."
Abi Tyas Unggal from UpGuard stated the following
in regards to what the odds were of experiencing a data breach were.
"The chance of experiencing a data breach was 29.6 percent in 2019, an increase from 27.9 percent in 2018."
"In the span of six years, the likelihood of a data breach within two years grew 7 percentage points, a 31 percent increase in the odds of experiencing a breach within two years."
"In other words, your organization is nearly one-third more likely to experience a breach within two years than they were in 2014."
"Data breaches are simply a fact of life. Businesses in every industry, in every country, are attacked by data thieves and malicious insiders on a daily basis. As pervasive as they are today, cyber threats will only grow more severe as time goes on—each newly-developed way to communicate or do business online creates new forms of sensitive data that hackers, industrial spies, and state-sponsored operatives are ready to exploit."
They go on to state: "The most visible cost of a data breach often comes in the form of legal settlements. In recent years, companies including Yahoo, Equifax, and Target have paid out tens or even hundreds of millions of dollars in consumer class action suits and settlements with banks. Individual lawsuits and private settlements, not to mention thousands of hours of attorney time, can push an organization’s total legal costs much higher than the publicized amounts."
Furthermore: "The direct costs of a cyber attack might grab more headlines, but the true cost of a data breach goes far beyond a company’s payouts for lawsuits and government fines. Bad publicity and loss of consumer confidence can slow a company’s sales for years. Large corporations may be able to survive a series of bad years in a row, but smaller firms (or those in especially competitive industries) can be forced out of the market in the aftermath of a breach."
Michelle Orolet, a contributor to CSO stated: "58 data records are stolen every second."
She goes on to write: "It stands to reason that the faster a data breach is uncovered and contained, the less it will cost, but most organizations still have a lot to do in this area. Ponemon found the average time to identify was around 191 days last year, with another 66 days on average required to contain the breach. These times could be reduced if every organization would keep up to date with NIST’s Cybersecurity Framework, keep tighter control of its data, and consider scanning the dark web for threat intelligence."
Keep tighter control of their data. That is exactly what we are offering.