As the IBM 2020 Cost of a Data Breach report outlines, the year has not been a good one for privacy, so far – with $3.86 million global average cost of a data breach, and the healthcare still being the most vulnerable sector.
It is little surprise that on both sides of the ocean, regulators and advocacy groups are intensifying their scrutiny. Two years after it was officially introduced, the most visible European initiative is still the GDPR with strict requirements on data processing. This is secured by fines of up to 4% of global revenues of wrongdoers. In the US we have observed a large number of huge breaches such as the Zoom credential sale in April (500 000 passwords stolen) and the second Marriot breach in March (5,2 million people impacted).
The spread of the COVID-19 pandemic has also had a huge impact on the way companies do business leading to additional information security threats. Plenty of employees are now working from home and using VPN to connect to corporate networks, there is also an increased demand for video conferencing, cloud applications and network resources.
Privacy by Design
Organizational and IT Measures
Anton Gerunov is co-founder and the Chief Operations Officer at LogSentinel. He is an expert in data analytics and AI, risk management, and business modeling with more than a decade of experience in the private and public sectors. Anton holds a Ph.D. degree and is currently an Associate Professor of Risk Management at Sofia University. He is the author of numerous articles in international and national peer-reviewed journals, monographs, and has presented at a number of conferences.