Cybercrime costs have steadily increased by an average 78 percent over
the last four years, racking up $300 billion in losses each year, according to
separate studies from the Ponemon Institute and the Center for Strategic and
International Studies (CSIS).
In the United States, the annual cybercrime cost seen by the 60
businesses studied in Ponemon’s fourth annual Cost of Cyber Crime Study ranged
from $1.3 million to more than $58 million averaging $11.6 million per company.
The average cost of cleaning up the crime scene after a “serious” attack, or
one that penetrates the firewall, was $1 million.
The same report shows that each U.S. business on average received two
successful attacks per week. Industry experts estimate this number to be
standard across the board. As with any crime, prevention rather than
post-attack damage control is obviously the desired option.
Ecrypt Technologies is more than familiar with the challenges businesses
face in guarding themselves against the increasing number of cyber dangers,
which are often a result of complicated networks built with many different
components that are often individually patched to address new threats without
closing security gaps in traditional solutions.
As an emerging provider of military-strength data security solutions for
enterprise, government, and military, Ecrypt provides organizations with the
freedom to communicate and collaborate without risk of liability, reputation
damage, competitive threat, and other negative outcomes.
The company’s flagship solution is an integrated e-mail and encryption
designed to fortify the security of corporate communication against data
breaches, eliminating phishing threats, malware infections and spam. This
technology helps companies alleviate the need for separate encryption servers
with their associated bloated administration and multiple points of weakness.
Taking into consideration the small amount of statistical information
earlier noted, as compared to the vast amount of detailed statistical figures
available, the market for Ecrypt’s technology is tremendous. In addition,
Ecrypt stands to benefit from increasingly demanding data confidentiality
regulations such as the Health Insurance Portability and Accountability Act
(HIPAA), the Federal Information Security Management Act (FISMA), and
Gramm-Leach-Bliley Act (GLBA).
As a result of extensive market research and working directly with
organizations in multi-billion dollar industries, the professionals at Ecrypt
fully understand the business community’s need for confidentiality, prevention
of data breaches, compliance with government regulations, and mitigated
litigation risks.
For more information on how Ecrypt Technologies is changing the world of
data security, please visit: www.ecryptinc.com
Let us hear your thoughts: Ecrypt Technologies, Inc. Message Board
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