Talk is cheap, so the saying goes. You hear lots of talk about security when it comes to IT management. So, is talk cheap when it comes to IT? Never! All it takes is one security breach—such as having data stolen or otherwise compromised—for a business to realize long-term or even permanent damage to the bottom line. And there’s nothing cheap about that! Here are a few examples:
• Target Stores: The result of this data breach was 110 million stolen records. Compromised personal information included 40 million credit card numbers and 70 million records, such as name, physical address, email address, and phone number. Target says the breach cost them $148 million, and the cost to financial institutions was $200 million.
• JPMorgan Chase: The largest U.S. bank experienced a breach that affected 83 million households and small businesses. User contact information was compromised, including names, phone numbers, email addresses, and physical addresses. As a result, new digital security initiatives will cost the bank $250 million annually. Estimated damage costs from the breach vary, but some put it at more than $1 billion.
• eBay: Hackers stole email addresses, physical addresses, and login credentials from as many as 145 million users. The company strongly advised all of its buyers and sellers to reset their passwords. Fines and lawsuits are estimated at $200 million.
Even so-called minor data breaches (but it’s not minor if it’s your data that’s been compromised!) can be costly. Today, the total average cost of a data breach is $3.8 million, as reported by Reuters. That’s about $150 per record lost or stolen.
The truth is, it may be impossible to prevent every data breach. That’s why it’s critical that all data is backed up all the time. But there is more to safeguarding your data than just backing it up. For example, how security-minded is the company that backs up your data to the cloud?
Mozy by EMC encrypts your data before it ever leaves your machine, during the transfer process across the wire, and while at rest in our data centers. EMC’s data centers employ state-of-the-art physical and technical security practices. Additionally, Mozy has successfully completed a SOC 1 SSAE 16 Type 2 audit and received ISO 27001 certification. In fact, the Information Security Management System supporting Mozy’s offerings and products, as well as supporting resources, including global data center operations, infrastructure, and application development were recently recertified as to conforming to ISO 27001 requirements.
These independent verifications certify that Mozy’s processes and procedures meet or exceed the strictest control objectives in the industry. By voluntarily submitting to the SSAE 16 audit and obtaining ISO 27001 certification, Mozy demonstrates its commitment to its client information and its preparation to face ongoing threats to digital information.
We treat your data like it’s our data, and one of the ways we do that is by choosing to be audited and certified. It’s a measureable way to demonstrate the security, reliability, and availability of the Mozy service and our commitment to safeguarding your data.