Displaying items by tag: Varonis

Thursday, 17 December 2020 16:53

Make 2021 the Year of Data-Centric Security

GUEST OPINION by Tim Roughton, regional sales manager at Varonis: In 2020, many organisations struggled to secure their networks against the expanded threat surface created by the sudden transition to remote work. Businesses sped up plans to move to the cloud and relied on new collaboration approaches and adoption of tools to keep business moving. Companies focused on ensuring business continuity and remote access — all too often at the expense of security.

Published in Guest Opinion
Friday, 20 November 2020 12:32

2021 DATA RISK REPORT FINANCIAL SERVICES

GUEST RESEARCH:  Varonis, a global pioneer in data security, has just released its 2021 Financial Services Data Risk Report, which delves into the state of data security in the banking, insurance, and investment sectors.

Financial services remains one of the most targeted industries by malicious attacks, partly due to the sensitive data it collects from customers, with the average cost of a data breach among the highest of any industry at 5.85 million USD. Despite the need to protect this sensitive data, on average, every employee has access to nearly 11 million files.

The abrupt transition to remote work has exponentially increased this risk, with employees logging in through unsecured networks and home computers. Furthermore, it has potentially increased the response time to a data breach.

Some of the key findings include:

  • A financial services employee has access to nearly 11 million files. For larger companies, the number doubles to 20 million files.
  • 20% of all folders are open to every employee.
  • 39% of companies have over 10,000 stale — but enabled — user accounts.
  • Nearly two-thirds of companies have 1,000+ sensitive files open to every employee.
  • About 60% of companies have 500+ passwords that never expire.

The full Varonis report can be accessed here.

Published in Guest Research
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