Even before the current Covid-19 crisis, online crime accounted for half of all property crime in the UK (Anderson et al, WEIS, 2019). The costs are phenomenal; estimated at over $1.5tn per year globally (RiskIQ, 2019). Data breaches are a significant problem – providing criminals with personal account and log-in details and information with which to commit fraud and to commit further crime. This information includes personal details, intellectual property, financial and commercial information, human resources, legal accounting and contractual information, and governmental business. Here is an overview of the state of internal file sharing and the associated risks:
- In the first half of 2019 there were over 3,800 data breaches, exposing over 3.1billion records (RiskBased, 2019)
- Approximately 35% of breaches involve internal actors
- Yet on average companies have over 14,600 folders containing sensitive information open to every employee
- Only 5% of information of that information properly protected (Verizon, 2020)
- It can take 6-8 hours of work per folder to update permissions (Varonis, 2019)
Businesses have applied permissions to more files than they can manage. This leaves them extremely vulnerable to data leaks and malicious attacks.
We know that businesses don’t have 6-8 hours of resources available, per folder, to update permissions. The Torsion platform does this automatically, updating past, current and future permissions. It simply monitors data permissions in the background and prompts a business user if it finds something it’s not sure about. Updating permissions is no longer a function for the IT department.
Start eliminating that 35% of your internal data breaches and protect your data with a free trial of Torsion. Email firstname.lastname@example.org or complete the form below.