Data and Privacy: 2018-2019 Outlook: How Companies Can Prevent Data Breaches

According to Gemalto Breach Level Index, data breaches compromised 4.5 billion records in the first half of 2018.If you guessed that the US comes in last place when it comes to these breaches, then you would be correct. The US is the most popular for attacks, “representing more than 57 percent of global breaches and accounting for 72 percent of all records stolen, though overall incidents are down 17 percent over the prior half. India accounts for 37 percent of the global breaches in terms of records compromised or stolen or revealed.”

Data breaches have a considerable, negative impact on a company’s customer base, particularly if the breach involves sensitive data. Not only do customers lose confidence in the brand and don’t feel that their data is secure, but data breaches put off new potential customers as well. How can companies best protect themselves against these data breaches? Below are just a few examples. To view the entire list, read our latest e-Book.

  1. Incorporate a cybersecurity specialist into the team.
  2. Keep all business and personal accounts separate, and encrypt all data.
  3. Continue to build awareness. Strengthen passwords and require both a two-step identification process and good antivirus programs.

Be sure to follow 165 Halsey Street on Twitter and LinkedIn as well for all company updates.

165 Halsey Data & Privacy: 2018-2019 Outlook: Stats on Global Data Policy

With the intensity and frequency of ransomware attacks occurring in this day and age, it’s often challenging to keep up with the best ways to protect your business from these attacks and more. Ransomware, IoT and other  attacks are encroaching on businesses across the world and their threats continue to grow. Ransomware attacks are growing more than 350% annually and IoT are attacks skyrocketing, with attacks up 600% in 2017 alone. According to Gartner, it’s no wonder that information security spending is reaching well over $114b in 2018 with an expected growth rate of 8.7% in 2019.

“With information security spending expected to reach upwards towards $124b in 2019, the topic of cybersecurity remains one of the hottest in the tech and telecom industries today. A critical issue that spans the world, there remain several challenges, including a shortage of skills and lack of total control. Fortunately, with the focus so strongly on cybersecurity, leaders continue to take the reins in exploring the technologies and techniques needed to successfully confront cyberattacks.”

–Joseph Simone, President at Tishman Real Estate Services for 165 Halsey Street.

Below are more stats regarding predictions for security spending and risk management:

  • At least 30% of organizations will spend on GDPR-related consulting and implementation services through 2019.
  • Risk management and privacy concerns as part of digital transformation initiatives will drive additional security service spending through 2020 for over 40% of organizations.
  • Cloud-delivered security is becoming the top preferred delivery model for an array of technologies

165 Halsey Street’s new e-book will review the latest stats on global data privacy, what’s ahead for new laws and regulations, how companies can prevent data breaches and more.  Download today.

Data & Privacy: 2018-2019 Outlook – GDPR

GDPR. Four letters that most everyone has heard within the last year and a topic included in our latest e-book, “Data & Privacy: 2018-2019 Outlook.” What does GDPR stand for? General Data Protection Regulation, of which reinforcement officially began on May 25, 2018.

GDPR is designed to not only standardize privacy practices across the EU, but to influence how countries outside the EU design their own legislation around data protection and privacy. While GDPR applies to data captured and processed by EU-based businesses, it also pertains to  organizations outside the EU that processes personal data about EU customers in connection with offering goods or services to them. The implications if not followed? Fines can reach up to €20 million or four percent of total worldwide revenue the previous year, whichever is greater. We doubt that anyone would like to hand over a check for that amount, so we’ve provided information and some recommendations s for U.S. businesses on GDPR in our new e-book.

If you would like to read more about GDPR and other top data and privacy concerns of 2018, with an outlook into 2019, download our new e-book here.

Data and Privacy: 2018-2019 Outlook

Has there been a bigger topic in 2018 than data protection and privacy? From the beginning murmurs of GDPR to overall global data security concerns, 2018 has been a landmark year for data protection. In 2019, data privacy concerns along with global information security spending will continue to rise in excess of $124B, according to Gartner. Security leaders continue to assist organizations in utilizing technology platforms securely, with an aim to stay competitive and drive business growth.

As your business keeps pace with technology and data protection policies, make sure that you have the right colocation / data center provider on your side. 165 Halsey Street offers enterprises increased security, reliability, scalability and cost savings. The 165 Halsey Street facility is designed for continuous IT equipment operation.

This e-book will review the latest stats on global data privacy, what’s ahead for new laws and regulations, how companies can prevent data breaches and more. 

Be sure to follow 165 Halsey Street on Twitter and LinkedIn as well for all company updates.

Happy reading!