Data breaches are often caused by malicious hackers breaking into corporate networks with the initial purpose of stealing data or a ransomware attack that could interrupt business operations. However, that has not been the trend this year. In January alone, the Oklahoma Securities Commission was hit badly, and an online casino group lost 108 million records. These, plus other incidents, were all the result of human error. This is just a handful of organizations that have suffered data leaks in January 2019 due to the lack of a password on their servers.
Data fraud and cyberattacks are the number four and five global risks, in terms of likelihood, facing every organization today, according to the World Economic Forum’s 2019 Global Risks Report. Organizations must take security more seriously to retain revenue numbers, reputation and customer/investor trust in their services, according to Gaurav Banga, the CEO and founder of Balbix.
Banga demonstrates how artificial intelligence can be leveraged to proactively avoid data leaks.
Digital Journal: Where are most data privacy threats coming from?
Gaurav Banga: The enterprise attack surface is massive and growing rapidly….
