How more joined-up security thinking could save billions in data breach costs

coordinated-security-150A new study from the Centre for Economics and Business Research (CEBR) has found that data breaches are costing UK businesses £34 billion a year. The report suggests this is made up of £18 billion in lost revenue and £16 billion in added security measures after breaches have occurred.

It’s the same the world over. According to a 2015 Ponemon Institute study commissioned by IBM, the global average cost of a data breach to an organization has reached $3.8 million – on average, $154 for every single compromised record. It’s significantly higher in the US and Germany, where the costs are $217 and $211 per compromised record, respectively. These are quite staggering figures.

Now, it’s not uncommon for companies who sell cybersecurity services like IBM and Sophos to talk big numbers like this. After all, clearly we think it’s good to see businesses are investing in doing something about this problem. But you do have to wonder if those billions are being spent effectively. As leaders in the security industry, we have a crucial role to play to ensure they are. We need to deal with the growing complexity of threats without introducing more complex solutions, and cost.

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How the University of San Carlos secures 2 campuses, 2,500 employees, and 27,000 students

university-san-carlosServing over 27,000 students and 2,500 faculty and employees, the University of San Carlos (USC) in Cebu City, Philippines, is the premier university in Cebu and one of the top 10 leading universities in the country.

As USC continued to expand with more users and devices connected to the network, bandwidth consumption became an issue – resulting in decreasing security of its network, as many security features could not be turned on.

With a staff of just nine people, the USC IT team found itself overwhelmed by security incidents, including the hacking of the university’s website from time to time. USC needed a robust yet simple-to-manage and resource-friendly security solution to meet its requirements.

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Are you guilty of delinquent web filtering? Follow these 3 tips to secure the web

deadly-it-sin-web-filtering-150Web filtering used to be rather easy – IT departments could block inappropriate categories of websites like adult, gambling, and perhaps social media, and the job was done.

More recently, however, cybercriminals have begun to infect large numbers of users on the web by compromising legitimate sites that you probably don’t want to block with strict browsing policies.

In fact, SophosLabs detects 20,000 to 40,000 malicious URLs every day – and 80% of those are compromised legitimate websites. Web filtering that only blocks dodgy sites won’t keep users safe from web-borne threats.

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Catch all the highlights from Infosec in one video

infosec-150If you couldn’t make it to Infosecurity Europe in London last week, you missed quite a bit – great talks by our security experts, plus lots of games, prizes and fun at our very popular event stand.

Well, don’t feel bad. You can catch up on everything you missed in a short video featuring some of our great staff.

Alongside Infosec were a few other events that we want to mention – including the SC Awards, where our SG Series UTM was tapped by the judges as the Best UTM.

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Why Sophos acquiring Reflexion Networks is a great deal for customers and partners

Today we announced that we have acquired Reflexion Networks. I’d like to say I was clever in searching out and finding the perfect cloud email security company to help us accelerate Sophos Cloud.

I’d like to say that, but the truth is that people have been trying to tell me about Reflexion ever since I joined Sophos in 2013. I’ve had sales people ask me about them, partners rave about them, and product managers encourage me to look at them. In the end, rather than describe me as clever, deaf might be more accurate.

As I’ve gotten to know David Hughes and the team at Reflexion this past year, I’ve grown more and more excited about what we can do together. It’s a strong team and an important space.

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