Some 3,500 Records per Minute Stolen by Cybercriminals

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GDPR

Some 3,500 Records per Minute Stolen by Cybercriminals

According to security company Gemalto, around 9.2 billion data records have been stolen by cybercriminals since 2013. That doesn’t include the breaches caused internally by end users, which represent a large proportion of all breaches. Some predict that purchasing the technology to adhere to the General Data Protection Regulation (GDPR) standards and avoid paying exorbitant fines will cost Fortune 500 companies on average US$1 million each.

It may sound like a lot of money to us, but for big corporations that’s a drop in the bucket. Add to this the costs of permanent staffing and legal advice for this compliance, and you get the picture of overall spending required for one set of regulatory standards. But you are in luck. Our ability to resolve compliance issues and our real-time identification and protection of privacy and sensitive information solutions won’t cost anywhere near that.

Our clients regularly use our technology framework to identify privacy or organizationally-defined sensitive information vulnerabilities. They also use it to significantly improve the accuracy of search results, automatically process records transparently, clean up content repositories, and enable secure collaboration.

Staffing and time? Not a problem. All our products are designed for subject-matter experts, classification can be deployed out-of-the-box, and the interactive and still unique tools in the taxonomy component make creating taxonomies on the fly a reality. You are going to have to purchase some technology to help you – it might as well be ours.

Are you being proactive now in implementing new processes to address privacy?

Our webinars also address the topics explored in our blogs. Access all our webinar recordings and presentation slides at any time, from our website, in the Recorded Webinars area, via the Resources tab.

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