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Oops! Security Breach: What that Means for You

By Greg Cullison

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Harvard Business Review (HBR) published an article on the recent security breaches with respect to what it means for the company, here we take a closer to look to see what it means for you. 

HBR stated, “Recent high-profile data breaches like those at Target and Home Depot have exposed the private sensitive information of millions of employees and consumers. While consumers are rightfully worried that their personal information may be compromised, shareholders and companies’ management have a wider set of concerns, including loss of intellectual property, operational disruption, decreased customer trust, tarnished brand, and loss of investor commitment. Companies are spending millions in litigation costs, efforts to restore brand loyalty, and refunds”.

What happens after there’s a data breach? Often the result is a legal liability. However, federal agencies must take a proactive stance toward managing cyber attacks, not only for their own wellbeing, but also to enhance overall cybersecurity defense posture and help secure critical national infrastructure. So how do we take steps to mitigate the threat to ensure there will be no “oops”? 

Check out three articles on mitigating the risk:

Can you put a dollar amount on your company’s cyber risk?

Your company needs a communications plan for data breaches?

Cyber Security - It’s Not Just for Breakfast Any More

Keeping the #internet safe and secure is our shared responsibility.

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