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  • Products
    PRODUCTS
    • Security Ratings
      Identify security strengths across ten risk factors.
    • Security Data
      Get actionable, data-based insights.
    • Security Assessments
      Automate security questionnaire exchange.
    • Attack Surface Intelligence
      NEW
      On-demand contextualized global threat intelligence.
    • Automatic Vendor Detection
      Uncover your third and fourth party vendors.
    • Cyber Risk Quantification
      Translate cyber risk into financial impact.
    • Reporting Center
      Streamline cyber risk reporting.
    • SecurityScorecard Marketplace
      Discover and deploy pre-built integrations.
    SERVICES
    • Active Security Services
      Test your security controls.
    • Cyber Risk Intelligence
      Partner to obtain meaningful threat intelligence.
    • Digital Forensics & Incident Response
      Prepare to respond to any threat.
    • Third-Party Risk Management
      Reduce risk across your vendor ecosystem.
    BUY NOW
    • Compare All Plans
      Choose a plan that's right for your business.
    • Try Free Account
      Make informed decisions with confidence.
    • Buy Pro Now
      Add automated event responses.
    • Buy Business Now
      Expand on Pro with vendor management and integrations.
    • Request Enterprise Demo
      See the capabilities of an enterprise plan in action.
    icon__SSClogoMark icon__SSClogoMark

    Understand and reduce risk with SecurityScorecard.

    Free account sign up
  • Solutions
    BY USE CASE
    • Compliance
    • Cyber Insurance
    • Digital Forensics
    • Due Diligence
    • Enterprise Cyber Risk
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    • Regulatory Oversight
    • Third-Party Risk
    BY INDUSTRY
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    • Enterprise
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    • Government
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    • Insurance
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    • Technology
    Help your organization calculate its risk
    View All Solutions
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    Learn more
    • Locate a Partner
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    • Value-Added Resellers
      Enter new markets, deliver more value, and get rewarded.
    • Managed Service Providers
      Meet customer needs with cybersecurity ratings.
    • ISAC Partner Program
      Learn more about the industries we support and ISAC member benefits.
    • Technology Alliances
      Access innovative solutions from leading providers.
    • SCORE Portal Login
      Use the SCORE Partner Program to grow your business.
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      Find a trusted solution that extends your SecurityScorecard experience.

    Understand and reduce risk with SecurityScorecard.

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  • Resources
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      Explore our cybersecurity ebooks, data sheets, webinars, and more.
    • SecurityScorecard Blog
      Read the latest blog posts published weekly.
    • Research & Insights Center
      Access our research on the latest industry trends and sector developments.
    • SecurityScorecard Academy
      NEW
      Complete certification courses and earn industry-recognized badges.
    TOOLS AND DOCUMENTATION
    • Free Security Rating
      Get your free ratings report with customized security score.
    • Product Release Notes
      Visit our support portal for the latest release notes.
    • Free Account Signup
      Start monitoring your cybersecurity posture today.
    • Chrome Extension
      NEW
      Show the security rating of websites you visit.
    • Assessments ROI Calculator
      Calculate the ROI of automating questionnaires.
    Trust begins with transparency. Take a look at the data that drives our ratings.
    Learn more
  • Company

    Working at SecurityScorecard

    Committed to promoting diversity, inclusion, and collaboration–and having fun while doing it.

    Join our team
    • About Us
      SecurityScorecard is the global leader in cybersecurity ratings.
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      Meet the team that is making the world a safer place.
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      Explore our most recent press releases and coverage.
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      Join us at any of these upcoming industry events.
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      Raising the bar on cybersecurity with security ratings.
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BLOG

Statistics: Cyber Security Data Breaches on the Rise

08/12/2018

A disturbing upward trend in cyber security data breaches has been uncovered recently by multiple industry research sources. Some noteworthy data breach statistics include:

  • 56% of 1,379 incidents with specific malware functionality were ransomware from the 2018 Verizon Data Breach Investigations Report.
  • 668 breaches compromised 22,408,258 records between January 1 and July 2, 2018 according to the Identity Theft Resource Center report.
  • The average total cost of a data breach is $3.86 million, the average global possibility of a breach in the next 24 months is 27.9%, and the average breach cost reduction for organizations using security automation is $1.55 million according to the 2018 Ponemon Report.

Against this landscape, organizations are asking themselves why attackers are so successful in stealing online data.

Attackers are winning in spite of increasing security investments

There’s little doubt the dark side of the internet is winning at attacking, breaching, and exfiltrating corporate data from too many businesses. In order to combat cybercriminals, organizations are investing in security. But are the investments effective?

There’s an old adage that it’s better to work smarter not harder., The traditional security mindset of many organizations is that they must work hard to build a strong perimeter defense, but this sort of defense on its own is not sufficient to protect cyber assets. In fact many would argue that with corporate assets now on premises, in the cloud, and in hybrid environments, the perimeter is dead. In reality, the perimeter is growing organically.

Adding vendors that enable more efficient business processes expands the data perimeter. With more vendors interacting with more sensitive data, companies need to focus on the risk these vendors pose to their data environment. While service level agreements create promises of protection, companies need to not only trust their partners but verify their partners’ security stances. Indeed a company’s weakest link may not be something in their network, but rather a deficiency in a partner or vendor company’s network.

More contemporary mindsets are beginning to think differently. Companies need to evolve their security solutions to match malicious actor methodologies. Hackers continue to find new attack vectors. Traditional security solutions enable protection but not always continuous monitoring of the constantly evolving threats to a company’s data environment. Intelligent monitoring services are starting to emerge that instead of just physically closing network doors, introduce advanced learning techniques that monitor in such a way to quickly highlight easy-to-compromise security deficiencies. In some regards, they are monitoring from the perspective of a potential hacker. Using this emerging class of solutions, organizations can complement their more traditional security measures with intelligent monitoring that can enable organizations to prioritize security issues, that if left unaddressed can be easy gateways for a successful data breach.

Big data gives big answers

Security automation provides a solution for many organizations. Big data enables companies to collect information from across the internet and aggregate it. Structured data, the kind easily organized in tables, is easy to manipulate. However, the internet includes a variety of information such as text, images, and audio. All of this unstructured data can provide insights but understanding how to aggregate it and use it feels overwhelming.

Increasingly, security automation options enable aggregation, storage, and analysis to provide clear insights into how well a company protects its perimeter. More information and the incorporation of predictive analytics allow companies to find breaches sooner so that they contain the data leakage faster. The 2018 Ponemon Report shares that early containment (less than 30 days) saved $1.16 million on average in 2018 and $94,000 in 2017. The average cost savings for organizations containing the data breach increased between 2017 and 2018 indicating that these numbers may continue to rise.

Using machine learning, artificial intelligence, analytics, and orchestration enables companies to both reduce costs and reduce the likelihood of a breach to their systems and networks. As the old saying goes, “knowledge is power.” Big data and predictive analytics empower organizations by providing information and insights.

Gain more visibility with cyber security vendor risk management solutions

Security ratings services, also known as ecosystem risk management solutions, including SecurityScorecard, can provide active cyberhealth monitoring to help organizations begin a path towards working smarter when building a security program. Using an effective ecosystem risk management solution, businesses can measure overall cyber health for themselves and for an ecosystem of companies of interest (e.g., vendors, partners, a partner’s partners, and M&A targets).

SecurityScorecard’s algorithms enable companies with an automated system that uses big data and predictive analytics. Using signals collected across the entire IPV4 spectrum, SecurityScorecard applies advanced machine learning techniques that turns millions of security data inputs into a prioritized list of security risk factors and issues of concern. Prioritizing security risk factors based on the predictive analytics allows more transparency into the data ecosystem. Instead of a responding to a constant barrage of alerts, information security professionals can triage to treat the most significant threats first. By doing this, they can mitigate threats or contain leaks more quickly which saves time and money.

Working smarter, not harder, means finding tools that streamline the increasing workflow within the information security department. The need for working hard when it comes to cyber security isn’t going away anytime soon as threats evolve. Companies can lower risk and time with intelligent ecosystem risk management solutions like SecurityScorecard to understand and address critical cyber deficiencies and to minimize the risk of becoming a breach statistic in the future.

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