The onslaught of data security breaches today is relentless, with thousands of major breaches each year and 50 percent more breaches in 2019 vs. 2018, according to a report by Risk Based Security. The costs for each breach have burgeoned as well, with the average cost of a data breach at about $3.92 million.
Securing data from breaches not only spares bottom line and publicity, it's now also a basic legal requirement to comply with rapidly growing data privacy laws.
While organizations have long had to comply with industry-specific standards, such as HIPAA in healthcare and the Payment Card Industry Data Security Standard (PCI DSS), you now also face new consumer privacy regulations. Including: