The risks of not securing data

Introduction to Data Security

Angeline Corvaglia

Founder & Digital Transformation Specialist

Personal data and identity theft

The risk of impacts on personal well-being

Graphic of a man stealing data from a phone behind someone else who hasn't noticed to represent loss of personal data

Identity theft is when someone assumes another person's identity to commit a crime

  • Damage credit history
  • Immense emotional toll
Introduction to Data Security

IBM data breach report costs

  • including direct and indirect expenses such as investigation, remediation, legal fees, and lost business

Chart from the IBM data breach report showing the development of the cost of a data breach from 2017 to 2023

1 https://www.ibm.com/reports/data-breach
Introduction to Data Security

Legal consequences

icon legal scales to represent legal requirements

Legal action:

  • Regulators
  • Individuals

This can lead to:

  • Penalties
  • Sanctions
  • Loss of business license
  • Criminal charges
Introduction to Data Security

Reputational damage

  • Lost business
  • Boycotts
  • Decline in brand value

icon with a thumbs down inside a circle

Screenshot of a headline from Reptrack that says The Equifax Breach Is a Reputational Crisis that Will Linger

1 https://www.reptrak.com/
Introduction to Data Security

Broader impact on society

Undermining trust in digital technologies

Screenshot of headline from New Statements that says Hacking democracy: How cyber attacks are undermining trust in voting

1 https://www.newstatesman.com/
Introduction to Data Security

Consequences for jobs

Screenshot of headline from Forbes that says 25% of Workers Lost Their Jobs In The Past 12 Months After Making Cybersecurity Mistakes: Report

Top executives: leadership failures

IT security professionals: inadequate security measures

Employees: mishandled the data

Breaches are a combined result of failed leadership, processes, and human error

1 https://www.forbes.com
Introduction to Data Security

Impact of generative AI

New risks: created data

Icon of a shield with a lock on it and the AI symbol on top of it

Not easy to distinguish between genuine and fake information

New opportunities: enhance data security

Database icon with a shield in front of it that has the AI symbol on it

  • Detecting anomalies
  • Identifying suspicious patterns of data
  • Attracting and isolating cyber attacks
Introduction to Data Security

A data defender knows both how valuable and risky data is

Shield icon with a banner with data defender written on it

Introduction to Data Security

Let's practice!

Introduction to Data Security

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