accessing the financial impact of a data breach
DESCRIPTION
ust like an oil spill affects millions of people, so does a “data spill.” As the Gulf of Mexico oil spill cost BP $63 billion to clean-up, a “data spill” often costs a small business millions. In fact, a recent study showed 70% of small businesses that suffered a breach were out of business within the year. A small breach of 1,000 records can result in:+ $204 – average cost per breach+ $2,004,000 – total cost+ Loss of productivity+ Loss of customer loyalty+ Legal costs+ Unfavorable media coverageThis webinar will cover the costs that come with a data breach and what a company can do today and ongoing to become 100% Payment Card Industry Data Security Standard (PCI DSS) compliant. It will show steps your company can take today and ongoing to prevent from becoming another statistic.TRANSCRIPT
Assessing the Financial
Impact of a Data Breach
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Assessing the Financial Impact of a Data Breach
Logistics
All lines are in listen-only mode. We will answer questions at the end of the event. But feel free to ask questions at any time. A link to the webinar recording will be e-mailed shortly after the event, and it will be available on-demand at: www.anx.com
Every attendee receives a $5 Starbucks Gift Card
One attendee will receive a $50 Amazon.com Gift Certificate
All series attendees will be Entered to win a Kindle Fire
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Assessing the Financial Impact of a Data Breach
Presenter
John Roskoph Enterprise Security Consulting Manager
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Accessing the Financial Impact of a Data Breach
A Data Spill
$63 Billion
Raymond James Estimate
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Accessing the Financial Impact of a Data Breach
A Data Spill
$204 per record
Ponemon Institute
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Accessing the Financial Impact of a Data Breach
A Data Spill
$31 million
$750,000 Ponemon Institute study
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Accessing the Financial Impact of a Data Breach
A Data Spill
$31 million
$750,000 Ponemon Institute study
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Accessing the Financial Impact of a Data Breach
A Data Spill
$6.75 million
Average total (2009)
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Accessing the Financial Impact of a Data Breach
A Data Spill
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Accessing the Financial Impact of a Data Breach
A Data Spill
of small businesses that experience a customer data breach go out of business within the year
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Accessing the Financial Impact of a Data Breach
What type of data was lost?
0% 10% 20% 30% 40% 50%
Password/PIN
Credit Card or Bank Payment Information
Credit or Payment History
Social Security Number (SSN)
Driver’s License Number
48%
45%
41%
33%
29%
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Accessing the Financial Impact of a Data Breach
What were the most negative consequences of breach?
0% 10% 20% 30% 40% 50%
Loss of Productivity 50%
Loss Of Customer Loyalty
Legal Action
Unfavorable Media Coverage
Customer Turnover
41%
34%
30%
28%
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THE THREE PILLARS OF PCI
13
Effects on Brand
Level 4
90% Average 1 year to restore brand reputation
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Accessing the Financial Impact of a Data Breach
Response
$204 +
1 Year
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Accessing the Financial Impact of a Data Breach
Response
= Companies responding
more quickly
Paying 54% more to do so
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Accessing the Financial Impact of a Data Breach
What Can I
Do
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Accessing the Financial Impact of a Data Breach
What Can I Do?
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Accessing the Financial Impact of a Data Breach
What Can I Do?
Step One
QSA
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Accessing the Financial Impact of a Data Breach
What Can I Do?
Step Two
PCI 12
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Accessing the Financial Impact of a Data Breach
What Can I Do?
Step Three
Protection
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Accessing the Financial Impact of a Data Breach
How much will this cost me
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Accessing the Financial Impact of a Data Breach
What can
ANX do for me
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Accessing the Financial Impact of a Data Breach
23
Fully managed security solutions featuring leading edge security technology and expert support Powerful Software-as-a-
Service solutions to simplify compliance and risk management
Fully managed connectivity solutions to help business communities securely collaborate
.com
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Accessing the Financial Impact of a Data Breach
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.com
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Accessing the Financial Impact of a Data Breach
25
.com
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Accessing the Financial Impact of a Data Breach
26
.com
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Accessing the Financial Impact of a Data Breach
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Authentication of existing/new merchants
Self-assessment questionnaire (SAQ) guidance
Online merchant training
Comprehensive reporting
Continuous merchant compliance monitoring
All Presented under the Merchant Acquirer/ISO Brand
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Accessing the Financial Impact of a Data Breach
28
.com
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Accessing the Financial Impact of a Data Breach
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.com
Zero Breaches and Zero Core Outages
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Accessing the Financial Impact of a Data Breach
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Data Breach
Protection Program
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Accessing the Financial Impact of a Data Breach
31
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E-mail us at [email protected]
Call us 877-876-6920
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To Learn More About ANX
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32
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March 7: Using a Risk Assessment to become PCI Compliant
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