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
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Assessing the Financial
Impact of a Data Breach
.com
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CONFIDENTIAL | www.ANX.com | 5/1/2012 | © 2012 ANXeBusiness Corp. All rights reserved.
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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CONFIDENTIAL | www.ANX.com | 5/1/2012 | © 2012 ANXeBusiness Corp. All rights reserved.
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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CONFIDENTIAL | www.ANX.com | 5/1/2012 | © 2012 ANXeBusiness Corp. All rights reserved.
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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CONFIDENTIAL | www.ANX.com | 5/1/2012 | © 2012 ANXeBusiness Corp. All rights reserved.
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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CONFIDENTIAL | www.ANX.com | 5/1/2012 | © 2012 ANXeBusiness Corp. All rights reserved.
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
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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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.com
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.com
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Accessing the Financial Impact of a Data Breach
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.com
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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.com
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.com
Zero Breaches and Zero Core Outages
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.com
Data Breach
Protection Program
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.com
.com
E-mail us at [email protected]
Call us 877-876-6920
Or visit us at
To Learn More About ANX
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.com
March 7: Using a Risk Assessment to become PCI Compliant
.com Register at
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.com
E-mail us at [email protected]
Call us 877-876-6920
Or visit us at www.facebook.com/anxebusiness
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