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Nearly 50% Of Companies Have Suffered A Data Breach This Year

intelligentID | November 13, 2017

A new study shows that almost half of all companies have experienced a data breach this year, and almost 70% say they aren’t confident about keeping their corporate information safe.

A new study shows that almost half of all companies have experienced a data breach this year, and almost 70% say they aren’t confident about keeping their corporate information safe.

According to a survey released by Radware, a leading provider of cybersecurity and application delivery solutions, nearly half of respondents have experienced a data breach on the last year. The study titled “Radware Research: Web Application Security in a Digitally Connected World” looks at how organizations protect their web applications. The report provides a look into common security issues and pinpoints the primary areas at risk. The research focused on key targets for some of the worst and most costly breaches in data security, including healthcare, retail, and financial industries.

Data Breaches

45 percent of respondents to the survey said their organization experienced a data breach in the last year, and almost 70 percent admitted they weren’t confident about their ability to keep corporate information safe. The report found that many companies leave their sensitive and confidential data under-protected, as more than half of respondents don’t inspect the traffic that they transfer to-and-from APIs, or Application Programming Interfaces. Also, 56 percent stated they don’t have the ability to track date once it has left the company.

Bot-Driven Internet Traffic

The results of the survey showed a substantial rise in bot-driven web traffic. Bots conduct about half of all internet traffic flow, while some organizations (especially in the retail industry) reported that bots represent over 75 percent of their total traffic. This is an issue because almost 80 percent of organizations can’t tell for sure if web traffic comes from bots or real people, and 33 percent can’t distinguish between “good” bots and “bad” bots.

“Bad” bots are malicious and pose a real threat to businesses. These malicious bots cause web scraping attacks against retailers to steal intellectual property, undercut their prices, and buy large amounts of inventory just to resell the items through authorized channels at higher prices. While this is a huge problem for retailers, the healthcare industry also has issues with bots. Over 40 percent of healthcare traffic comes from bots, and only 20 percent of IT security executives were confident they could identify malicious bots.

Intelligent ID Solution

At Intelligent ID, we have the ability to meet all of these challenges and resolve these issues. Since bots can attack through email, we are able to monitor emails and endpoint communications for words that could indicate a risk to data, and provide definitive proof of whether activity comes from human or bot when needed. We can help locate these data breaches, and since we are at the endpoint, we are able to differentiate “bot” activity from “user” activity. This allows administrators to get to the real root of the issue without reviewing logs or going to multiple tools. Intelligent ID can also inform you when sensitive data is being misused or viewed by parties outside the need-to-know circle or authorized personnel, and provide detailed and highly accurate productivity statistics regarding web or application usage.

Intelligent ID recognizes each step in a such an Insider Threat and includes multiple functionalities to address them all.

Intelligent ID is endpoint-based user monitoring and analytics software that secures organizations’ business assets by continuously monitoring and alerting management to suspect events taking place anywhere an endpoint may travel. This includes data loss or theft activity, compliance infractions, workplace liability issues, inefficient use of time and resources, infrastructure concerns, insecure file access, and more. For further information, visit us at www.intelligentid.com or contact us at info@intelligentid.com. Don’t forget to follow us on Facebook, Twitter, LinkedIn, and Google+!

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