Would You Rather Pay for Insurance - Or a Burned Down House?

DBI pureFeat™ gathers User data to help you analyze what costs the most and what hurts the most in the database, it’s also useful for security.

---

For you, like most of your peers in C-Suite - that’s an easy question to answer: you’d much rather pay $2,000 a year for homeowner’s insurance than to pay $500,000 to replace a burned down house. And you’d insure your house even if the bank didn’t require it because it’s just smart.

Yet in business it is routine to skip the insurance and hope that there won’t be a fire. This is, in essence, the story behind the story of the data breaches that seem to be making headlines every week - a company who didn’t pay enough to secure their data because they didn’t think they had to.

Here’s what I’ve found when it comes to data security:

Right until it does happen to them - and then, since the people who have made these decisions have been fired, their successors make the necessary investments in security to protect their data, and the necessary investments in public relations to repair their damaged brand.

According to the Identity Theft Resource Center, “The number of U.S. data breaches tracked in 2014 hit a record high of 783 in 2014 … This represents a substantial hike of 27.5 percent over the number of breaches reported in 2013 and a significant increase of 18.3 percent over the previous high of 662 breaches tracked in 2010.”¹

And as the chart below indicates, the percentage of data breaches attributed to insider theft has risen from around 5% in 2007 to around 10% in 2014. In other words, almost doubling in just seven years. >


<
table width="500" border="0" cellpadding="5">


²

Ever wonder how Edward Snowden or Bradley Manning stole all of that data without anyone noticing? So did we. That’s why our DBI pureFeat™ offers a presentation in its performance tools called “User Performance” that shows all of the users, where they’ve connected from, and how much data they’ve consumed over a customizable period of time. This User data is not only helpful as we seek to know what costs the most and what hurts the most in the database, it’s also useful for security. So if you see, say, that one user who typically uses a thousand rows of data just used a billion rows of data, you can be automatically alerted and dig deeper.

A stolen database, like a sick database, can be catastrophic for a business, and you need to take action right now.

¹ http://www.idtheftcenter.org/ITRC-Surveys-Studies/2014databreaches.html

² Ibid.

class="twitter-share-button"
data-text="Would You Rather Pay for Insurance - Or a Burned Down House? @SRHayes"
data-count="vertical"
data-via="dbisoftware"
data-related="dbisoftware:Best in Class DB2 LUW Performance Tools">Tweet