The huge cost of Data Breaches highlights the need for Managed File Transfer (MFT) Solution
- June 24th, 2013
- By: Navdeep Sidhu
Data breaches can be intentional (malicious) or unintentional but one thing is certain that they are very expensive. Data breach trends by Symantec indicates that the malicious or criminal attacks may cost an average of $157 per compromised record. That means a breach involving a mere 100K records can result in remediation cost of more that $15 million. That does not count the damage to the reputation and the loss of customers.
The huge risk from data breaches highlights the need for plugging the rogue FTP servers and using Managed File Transfer (MFT) to move data securely in and out of the enterprise.