String of Data Breaches Creep into Maryland: Some Facts May Shock You

It was one thing when large retailers were being compromised, but the data breach at Univiersity of Maryland was the hit that left us wide-eyed.

Data breaches have made their way into Maryland and, as a small business, has left us concerned for what that might mean for our future. So, what did we do? We looked it up!

What we actually found may shock you:

  • Contrary to popular belief, nearly half of all data breaches in 2012 were not caused by an outside hacker. Lost laptops, employee mistakes or theft of paper records are often the cause of a data breach.1

  • The largest growth area for targeted attacks in 2012 was businesses with fewer than 250 employees.3

  • The average cost per record of a data breach in the United States is $188, including direct (forensics, hotline support and credit monitoring) and indirect costs (loss of clients, employee time) 2

  • According to Ponemon's 2013 Cost of a Data Breach Report, the U.S. had an average of 28,765 exposed or compromised records per data breach.

No matter how big or how small your business is - make sure that you AND your clients are protected in the event that the unexpected happens.

Not sure where to start? Give us a call at 410-766-6655 or e-mail us at info@gradywright.com and we will help you through the process.

Sources:

Travelers Official Website

1 2012 NetDiligence Cyber Liability and Data Breach Insurance Claims report.

2 Ponemon 2013 Cost of a Data Breach Report.

3 Symantec 2013 Internet Security Threat Report.

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