Don’t you wish everyone had a data breach?
What a terrible title. If I read one more article about a data breach, and the sometimes enormous costs associated with remediation, I just cringe. I just read one now. The Maricopa County Community College District (MCCD), governing board has approved an additional $300,000 for records management and $2.3 million in lawyers’ fees to deal with last year’s data breach that exposed 2.4 million current and former MCCCD students’ and employees’ personal information.” They had estimated the costs at $7 million and it’s now up to $17.1 million. And it gets worse. Two class action suits have been filed in response to the data breach, one seeking $2,500 per plaintiff (remember 2.4 million victims) and one for unspecified damages.
Now, my point is, why do all these organizations get stuck in reactive mode? Seriously. Security breaches are now becoming common. It occurs in all industries, and sizes of organizations. Some are impacting us ‘common folk’, such as Target. What’s the deal?
I realize some organizations are prepared, but it seems that many are not, until it’s too late. For $17.1 million, that would buy some pretty effective, and expensive security software.