4 Ways You Can Implement Encryption to Improve Security & Compliance
HIPAA or PCI, a breach of your data doesn’t only impact your direct business operations, it can also mean high compliance penalties. For example, a noncompliance penalty for HIPAA can range from $100 to $50,000 per record breached. Simply leaving a laptop unattended and accessible can mean a large breach of confidential data and a hefty fine. Keeping data secure and away from unauthorized access can be challenging because there are so many ways that criminals can get their hands on business data. And they are continually trying to do just that. Here are some 2020 statistics that illustrate the significant increase in cyberattacks over the last year:
Remote employees during the pandemic led to an increase in data breach costs of $137,000.
In May 2020, there was an increase of coronavirus-related cyberattacks of 30% over the prior month.
Web application breaches doubled in 2020 as compared to the prior year. To keep up with the rise in the volume and sophistication of cyberattacks, it’s important to use every tool in the protection arsenal to keep your business network, devices, and data protected. One of the tools that many companies overlook is data encryption.