Date Added: Jul 2013
Stories consistently appear in the media reporting the negative impacts of data breaches. The impact of breaches can be detrimental to an organization and can include loss of customer confidence, poor corporate image, a drop in stock price and long-term repercussions resulting from exposed trade secrets. Additionally, non-compliance with security and privacy regulations can come with a hefty price tag. Despite heightened awareness of these threats, enterprises continue to fall victim to data breaches. According to the 2012 Data Breach Investigations Report from Verizon RISK, in 2011 there were 855 data breach incidents reported consisting of 174 million compromised records.