Over the last five years, headline-grabbing incidents have demonstrated the potential implications of a data breach – from damaged business reputation, to loss of revenue and even company devaluation. According to the 2018 Cost of a Data Breach survey conducted by the Ponemon Institute, the typical data breach now costs a company $3.86M, up 6.4% from 2017.
As the financial impact of data breaches increases, so do the opportunities for employees to leak sensitive data – either accidentally or maliciously. IDC estimates a 300% increase in unstructured data (emails and files) by 2020, as organizations adopt new digitized working practices.2 As a result, employees are sharing more information digitally, including emails and multimedia content such as audio and video files – creating more opportunities for data breaches to occur.
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