The Cybersecurity Risk to Information Assets

Cybersecurity Concepts
Cybersecurity Concepts

How is your organization protecting high-value information assets?

Information is a critical business asset that fuels decision-making, collaboration, and innovation. Knowledge assets include intellectual property, trade secrets, contact information, customer lists, and much more. Losses associated with high-value information assets can damage a company’s brand or competitive market position.

A recent Ponemon study reveals that businesses are unprepared to protect what matters most to them.

Problem:

  • Data theft is rampant, and largely undetected
  • Companies don’t know what they need to protect, or how to protect it
  • The average cost to remediate cyberattacks against knowledge assets in the past 12 months was $5.4 million
  • Careless employees and unchecked cloud providers are key risk areas

Key findings:

  • 74 percent of respondents say it’s likely their company failed to detect a data breach involving the loss or theft of knowledge assets
  • 72 percent of respondents do not believe their company has an effective protection system
  • 70 percent of respondents say their company does not have cyber insurance
  • 67 percent of respondents believe “Third party access to our company’s knowledge assets poses a serious risk”
  • 60 percent of respondents say it’s likely elements of their company’s knowledge assets are now in the hands of competitors
  • 33 percent of respondents say their company carefully vets its cloud providers
  • 31 percent of respondents say their company has a classification system that segments information assets based on value or priority to the organization
  • 31 percent of respondents say senior management at their company makes the protection of knowledge assets a priority
  • 28 percent of respondents rate the ability of their companies to mitigate loss or theft of knowledge assets as effective

Solution:

Organizations can better protect high-value information assets with a holistic security strategy that includes security technologies such as Data Classification, Data Loss Prevention (DLP), or Security Information and Event Management (SIEM).

InteliSecure works with organizations to address information governance challenges by:

  • Identifying high-value information assets
  • Defining information policies and security strategies
  • Implementing customized security technology solutions
  • Establishing predictive analytics that makes security work proactively, not reactively

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