Sentences with phrase «cost of a data breach»

The average cost of a data breach is US$ 4 million, according to the study.

In Canada, the average cost of a data breach is $ 6.03 million, according to the Canada - specific study in which 24 local companies participated.

According to IBM and the Ponemon Institute, the average cost of a data breach for companies in 2017 was more than $ 3.5 million.

The cost of data breaches is expected to reach $ 2.1 trillion globally by 2019.

According to the Ponemon Institute's 2017 Cost of Data Breach Study,, the average per cost per capita (per compromised record) of a data breach was $ 139 per organisation surveyed, with the average cost of data breach totalling $ 2.51 million.

The resulting cost of these breaches can be significant — according to the Ponemon Institute's 2017 Cost of Data Breach Study, these totalled $ 2.51 million per year across the organisations that were recruited for the research.

Canadian Underwriter Magazine recently reported on a 2011 research study from NetDiligence, which found that the average cost of a data breach was $ 3.7 M.

The Ponemon Institute 2014 global cost of data breach study estimated the average cost of a data breach increased 15 per cent in 2014 and in the U.S., the average cost to a company was $ US3.5 million.

According to the Ponemon Institute, the impact of cyber threats is rising, with the average cost of a data breach now over $ 7 million.

According to Juniper Research, the annual cost of data breaches through cybercrime is expected to reach $ 2.1 trillion globally by 2019.

Not exact matches

The average cost to a small company for a hack attack in 2013 was $ 3.5 million, according to Ponemon Institute's 2014 data breach study, an increase of 15 percent compared with 2012.

Juniper Research predicts that with all data going digital, the cost of breaches to companies will more than quadruple by 2019 to $ 2.1 trillion.

The Facebook data breach scandal involving Cambridge Analytica has heightened the public's awareness of the potential costs of using so - called free online services.

The first to experience the shift to password-less authentication will be those in the corporate world, particularly finance, where data breaches can cost tens of millions of dollars.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.

«The downgrade reflects our expectations for limited recovery of credit metrics given continued operating losses at the Canadian division as well as potential costs related to the data breach,» said S&P's credit analyst Ana Lai.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

The market is being driven down at the cost of security, meaning companies are happy to take a risky approach to the procurement of data destruction services, even knowing the consequences of a data breach.

Data breaches cost Canadian companies an average of $ 6.03 M every time they occur according to The Ponemon Institute, and Blackberry estimates that total costs for Canadian companies will reach $ 23B by 2019.

Canadians rattled by the massive Equifax data breach may turn to credit monitoring and anti-identify theft services for peace of mind, but in most cases they'll be paying more for what is presently available for little or no cost, according to experts.

A type of business insurance protection that helps the insured business cover the cost of notifying customers affected by a breach in electronic data and providing assistance for the customers in monitoring their credit reports and restoring their identities.

Data breaches can cause lasting harm for any type of business, but the costs for financial institutions are often exponentially greater.

Once law firms know where they are most at risk, they can better determine where they need to spend money and effort, such as on training their employees and buying insurance to help cover their costs for the likely occurrence of a major data breach.

This transformation of the risk assessment and recognition of the parties potentially harmed from threats to information systems are very significant developments, and, in several countries, are largely a result of data breaches and the consequences that follow under data breach notification laws (i.e. fines, the costs of providing notice to affected individuals, and reputational harm).

Paperful office penalizes clients and lawyers with higher costs, increases the risk of data loss or privacy breach, and makes millennials sad.

Recently, data breaches have become one of the most serious threats to companies worldwide, and as more corporate infrastructure moves online, studies suggest that the rising number of data breaches will cost 2.1 trillion dollars globally by 2019.

A strategic, proactive and unified information governance approach will ultimately be the most cost effective and efficient way for organisations to meet the requirements of GDPR as well as other privacy regulatory requirements, such as Australia's Notifiable Data Breach Scheme.

The message here, no organization is immune to hack or ransomware, and, the average cost of a company data breach has risen to $ 3.5 million, according to a recent study by the Ponemon Institute.

As well, many companies are not aware of gaps in «traditional» insurance products that more specialty liability insurance products (i.e. media and Internet liability, cyber liability) are intended to catch, including breach of fiduciary duty to protect privacy of client information, content exposure (defamation, intellectual property), damages caused by virus, third party financial losses due to system downtime, costs associated with data breach notification following a cyber attack / hack, etc..

Does your data breach response plan and privacy ecosystem align with a unified information governance framework to ensure the value of information throughout the organisation is maximised and risks and costs of holding information are minimised?

Preventing data privacy breaches is becoming increasingly important, with the increasing costs of dealing with cyber attacks, IT security breaches, and the subsequent legal actions and regulatory investigations.

In other words, offset the cost of a potential data breach.

The benefits of an Information Governance framework enable an organisation to take a strategic approach to both maximise the value of information derived from data analytics as well as minimise the risks arising from the costs of legal and regulatory privacy compliance, costs arising from data breaches and / or responding to regulators, as well as costs arising from loss of reputation, particularly where there is a breach of trust with consumers.

While extraordinary opportunities exist for businesses in the sector, significant risks — ranging from uncertainty over federal health policy, skyrocketing costs, and data breaches to increasing regulatory scrutiny of fraud, waste, and abuse — remain an ever - present concern.

In light of the costs and time involved in responding to data breaches and the subsequent ongoing consequences and expense, there is a strong incentive for organisations to ensure they have an appropriate privacy framework in place, both to prevent privacy breaches and to respond to any data and privacy breaches that may occur.

How to have a conversation with clients about data security (in terms of potential added costs and what to do in the event of a breach) would also be considered.

Don't underestimate the costs your firm might incur in the event of a data breach.

Where the Customer provides any personal data in relation to this agreement, it warrants that it does so in compliance with Data Protection Law and that the Provider may, under Data Protection Law, process such data as required or anticipated by this agreement, and the Customer shall be responsible for any costs, losses or expenses the Provider incurs or suffers as a result of breach of such warradata in relation to this agreement, it warrants that it does so in compliance with Data Protection Law and that the Provider may, under Data Protection Law, process such data as required or anticipated by this agreement, and the Customer shall be responsible for any costs, losses or expenses the Provider incurs or suffers as a result of breach of such warraData Protection Law and that the Provider may, under Data Protection Law, process such data as required or anticipated by this agreement, and the Customer shall be responsible for any costs, losses or expenses the Provider incurs or suffers as a result of breach of such warraData Protection Law, process such data as required or anticipated by this agreement, and the Customer shall be responsible for any costs, losses or expenses the Provider incurs or suffers as a result of breach of such warradata as required or anticipated by this agreement, and the Customer shall be responsible for any costs, losses or expenses the Provider incurs or suffers as a result of breach of such warranty.

Furthermore, 76 percent of consumers say they would move away from companies with a high record of data breaches and business disruption accounts for 39 % of total external costs.

The exposure businesses can face in the event of a data breach include direct and cross-claims relating to costs incurred to investigate and mitigate damages that could be attributed to the breach, indemnification from individual or class action lawsuits filed against the business by employees or customers, and penalties for violations of government regulations.

The cost of managing and mitigating data breaches also continues to grow.

This process may seem like an immense challenge for any organization, and certainly it will require a lot of effort, but the potential damage and costs caused by a data breach, not to mention the legal obligations, should encourage organizations — even those with their heads in the sand — to act.

A data breach as the result of online fraud could cripple your company, costing you thousands or millions of dollars in lost sales and / or damages.

A type of business insurance protection that helps the insured business cover the cost of notifying customers affected by a breach in electronic data and providing assistance for the customers in monitoring their credit reports and restoring their identities.

This type of minor breach, in which you're locked out but no client data is compromised, could cost a brokerage $ 10,000 to resolve.

A single data breach can cost $ 38,000 or more in direct expenses — and that doesn't include the cost of indirect expenses and damage to your reputation.

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