Five Common Causes of Data Breaches
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Most dreaded terms for any business
DATA BREACH Data breaches can cause an organization to lose OVERVIEW
Intellectual Property (IP)
Money © 2021 Seclore, Inc. Company Proprietary Information
Goodwill and Reputation www.seclore.co
● Danger has increased in these times when businesses are getting used to the so-called “New Normal” of work-fromhome/work-from-office hybrid models OVERVIEW
● According to an IBM report, the cost of data breaches hit a record high during the pandemic phase.
$ 4.24 Million per incident
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Human Error
Insider Threats
Poor Access Control
Sole Reliance on DLP and CASB Solutions
FIVE COMMON CAUSES OF DATA BREACHES
Increasing Use of Mobile Devices © 2021 Seclore, Inc. Company Proprietary Information
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● Poor password hygiene: Using a password for an extended duration, writing it down, and sharing it with colleagues and managers substantially increases the risk of a data breach. HUMAN ERROR
● Misdirected email: Sending a confidential report to Jon Smith, an external vendor or consultant, instead of John Smith ● Forgetful employees: Using an email security solution that requires senders to manually apply security to sensitive emails.
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● An insider could be your former employee, consultant, vendor, or partner with legitimate access to your network and data INSIDER THREAT
● Legitimate keys to the kingdom enables the rogue entity to cause severe damage in terms of millions of dollars and ill repute undetectably ● Pandemic has fueled the possibility of insider threats ● Reduced visibility of IT and security teams in the work-from-home environment is a perfect recipe for a rogue employee to perpetrate a security breach © 2021 Seclore, Inc. Company Proprietary Information
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● Proper permissions given to the right people can save you from a potential data breach on most occasions
POOR ACCESS CONTROL
● There are some inherent challenges in the currently used access management models, and they can be challenging to navigate ● Most ECMs allow you to set folder-level permissions, and everyone who has access to a specific folder gets access to all documents in it ● Security and permissions of the ECMs do not get passed on to the downloaded copies. © 2021 Seclore, Inc. Company Proprietary Information
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● Enterprises have relied extensively on traditional security solutions such as Data Loss Prevention (DLP) and Cloud Access Security Brokers (CASB) to identify and monitor internal threats SOLE RELIANCE ON
DLP AND CASB SOLUTIONS
● They can even stop sensitive data from leaving the enterprise perimeter ● DLP can’t prevent data leaks when running only in “monitoring” mode ● Legacy DLP solutions usually work with structured data
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● Enterprises have encouraged employees to use their mobile devices for work and have detailed BYOD policies
INCREASING USE OF
MOBILE DEVICES
● Number of people using their personal mobile devices for work has increased rapidly during the work from home phase ● Using mobile devices is known to increase productivity, it comes with a host of security challenges. ● Enterprise-class malware, mobile botnets, presence of outdated or rogue apps, using public internet services, loss, device theft, etc., are known to cause data breaches in such devices © 2021 Seclore, Inc. Company Proprietary Information
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● Seclore offers the market’s first browser-based DataCentric Security Platform, which gives organizations the agility to utilize best-of-breed solutions to discover, identify, protect, and audit the usage of data wherever it goes, both within and outside of the organization’s boundaries. ● The ability to automate the data-centric security process enables organizations to fully protect information with minimal friction and cost. ● Over 2000 companies in 29 countries are using Seclore to achieve their data security, governance, and compliance objectives.
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