For data breach prevention efforts to be most successful, it is necessary for companies to keep a number of factors in mind, and one of the most important of these is addressing current trends in the security sphere. If organizations aren't keeping up with the threats that are most common, it's possible that they might not be able to properly protect their sensitive information from being compromised. For this reason, getting remote database support can bolster a company's ability to meet any challenges.
Spending and risk don't match up
Dark Reading recently reported that according to a new study sponsored by Oracle, it was discovered that many companies around the world are not taking information about how data breaches occur into account when allocating their IT budgets. Among the 110 businesses surveyed, 52 percent said that risk of damage to databases was the most severe, compared to only 34 percent who believed the worst attacks are leveraged against the network. However, 67 percent of respondents admitted that they actually spend the most of protecting network assets, with only 15 percent prioritizing database security. This manner of distributing resources may leave many enterprises at risk of experiencing costly data breaches due to inadequate distribution of solutions.
In a separate article, Dark Reading emphasized that so far in 2013, there have already been a number of very serious database compromises. For example, popular discount website Living Social experienced a massive compromise that affected 50 million of its customers when cybercriminals gained access to its databases, likely due to a SQL injection attack or a scheme that exploited framework vulnerabilities. Additionally, hackers who gained access to an unnamed credit card processor's databases and swiped prepaid debit card information enabled several criminals to steal $45 million.
It's possible that cases such as the ones Dark Reading highlighted could have been preventable if those organizations had robust remote database support. Certainly, they may be able to protect themselves in the future by boosting their database security efforts. This way, they won't have to suffer to extreme costs, downtime and loss of customer trust that often comes from data breaches in the future. Ideally, many other businesses will take these steps before an unfortunate incident occurs.