"the state of being protected against the unauthorized use of information, especially electronic data, or the measures taken to achieve this."

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Knowlegde is power and Data has become the most valuable source of knowledge. Knowing your client, knowing their habits is becoming the most valble source of income. Protecting this information is even more important. The inability to protect this data could cost you Millions or even lead to the closing of your company due to a data breach.

The threat of being hacked should never be underestimated. We all have Security companies and physical security measures to prevent people from getting into your physcial building but what is place to prevent cyber criminals from getting access to your data from anywhere in the world?

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Cybersecurity Attacks

The growth in cyber attacks has increased hugely over the last 10 years. Here are a few examples:
 

1. In 2016, 3 billion Yahoo accounts were hacked in one of the biggest breaches of all time. (Oath.com)

2. In 2016, Uber reported that hackers stole the information of over 57 million riders and drivers. (Uber)

3. In 2017, 412 million user accounts were stolen from Friendfinder’s sites. (LeakedSource)

4. In 2017, 147.9 million consumers were affected by the Equifax Breach. (Equifax)

5. According to 2017 statistics, there are over 130 large-scale, targeted breaches in the U.S. per year, and that number is growing by 27 percent per year. (Accenture)

6. Thirty-one percent of organizations have experienced cyber attacks on operational technology infrastructure. (Cisco)

7. 100,000 groups in at least 150 countries and more than 400,000 machines were infected by the Wannacry virus in 2017, at a total cost of around $4 billion. (Malware Tech Blog)

8. Attacks involving cryptojacking increased by 8,500 percent in 2017. (Symantec)

9. In 2017, 5.4 billion attacks by the WannaCry virus were blocked. (Symantec)

10. There are around 24,000 malicious mobile apps blocked every day. (Symantec)

11. In 2017, the average number of breached records by country was 24,089. The nation with the most breaches annually was India with over 33k files; the US had 28.5k. (Ponemon Institute’s 2017 Cost of Data Breach Study)

12. In 2018, Under Armor reported that its “My Fitness Pal” was hacked, affecting 150 million users. (Under Armor)

13. Between January 1, 2005 and April 18, 2018 there have been 8,854 recorded breaches. (ID Theft Resource Center)

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The amount of attacks on Information being stored is alarming and just emphasies the importance of making sure your company is secure. ISO 27001 was designed to assist your company in establshing a management system to mitigate information security risks. We at NFA Solutions are your partners in this journey of Information security. We walk this path with your organisation assisting you in reaching your complaince. 

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Cybersecurity Costs

The cost to having cyber breaches has grown tremendously over the last decade. The importance of intergrating Information Security into your budget is incredibly important to the success of your company in this new age of data.

1. In 2017, cyber crime costs accelerated with organizations spending nearly 23 percent more than 2016 — on average about $11.7 million. (Accenture)

2. The average cost of a malware attack on a company is $2.4 million. (Accenture)

3. The average cost in time of a malware attack is 50 days. (Accenture)

4. From 2016 to 2017 there was an 22.7 percentage increase in cybersecurity costs. (Accenture)

5. The average global cost of cyber crime increased by over 27 percent in 2017. (Accenture)

6. The most expensive component of a cyber attack is information loss, which represents 43 percent of costs. (Accenture)

7. Ransomware damage costs exceed $5 billion in 2017, 15 times the cost in 2015. (CSO Online)

8. The Equifax breach cost the company over $4 billion in total. (Time Magazine)

9. The average cost per lost or stolen records per individual is $141 — but that cost varies per country. Breaches are most expensive in the United States ($225) and Canada ($190). (Ponemon Institute’s 2017 Cost of Data Breach Study)

10. In companies with over 50k compromised records, the average cost of a data breach is $6.3 million. (Ponemon Institute’s 2017 Cost of Data Breach Study)

11. Including turnover of customers, increased customer acquisition activities, reputation losses and diminished goodwill the cost of lost business globally was highest for U.S. companies at $4.13 million per company. (Ponemon Institute’s 2017 Cost of Data Breach Study)

12. Damage related to cybercrime is projected to hit $6 trillion annually by 2021. (Cybersecurity Ventures)

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NFA Solutions is here to assist you in making your business secure. Giving you the peace of mind that we care about your organisation allowing you to focus on what you do best; growing your company while trusting us to take care of your information security needs.