Why Read This
Protecting customer data such as credit card information, log-in credentials, and other personally identifiable information is one of the top priorities for both security and risk (S&R) leaders and business leaders. The theft of such data fuels a large and lucrative underground market economy. However, as the threat landscape continues to evolve, S&R leaders must adjust their risk management strategies to also counter the next frontier: intellectual property theft. As costly as the breach of customer data may be, the breach of intellectual property, such as trade secrets, new product designs, financial information, and source code, can be far worse because it can lead to a permanent loss of competitive advantage and affect long-term revenue forecasts. This report investigates common ways that cybercriminals steal data from organizations today, the cost of breach, and what organizations must do to enhance cybersecurity and protect their valuable data.
Tags: Credit & Debt Card Processing, Data & Information Protection, Data Loss Prevention (DLP), Data-Centric Security, Financial Services, Governance Risk & Compliance (GRC), Privacy, Regulations & Legislation, Retail Credit, Security Operations, Security Risk & Compliance, Vulnerability & Threat Management