OMNI Solutions Group Blog

OMNI Solutions Group has been serving the Washington D.C. metropolitan area since 1994, providing IT Support such as technical help-desk support, computer support, and consulting to small and medium-sized businesses.

The Average Cost Per Data Breach Hits $4 Million

The Average Cost Per Data Breach Hits $4 Million

If you ever question why your business needs to take advantage of network security and all of its components, consider this fact: the average cost of data breaches, worldwide, has increased by 29 percent since 2013. Believe it or not, the average cost per data breach is now an astounding $4 million! Now, we’ll ask you again; can your business afford to deal with a data breach or data loss disaster?


These numbers come from a study performed by the Poneman Institute and IBM Data, where 283 companies from all over the world were examined. The results may be quite shocking, especially for a small business that may never have experienced a data breach. Here are some of the highlights of the study:

  • The United States leads in terms of sheer overall cost of breaches by record value. The value per record is $223 on average. In total, the average cost of a data breach in the United States was roughly $7.01 million.
  • Particular industries, like healthcare, education, and finance, have a higher value per record at $355, $246, and $221 respectively.
  • 48 percent of all data breaches were the result of malicious intent, like hacking attacks and network infiltrations.
  • Encryption and other security protocol decrease the costs of data breaches by up to $16/record.
  • How quickly a company responded to the security breach had a positive impact on the overall cost of the breach.
  • There’s a 26 percent chance that an enterprise will be hit by one or more data breaches of over 10,000 records within the next two years.

Think about it; a data breach has far more repercussions than just the strain on your budget. It can lead to a damaged reputation, as well as lost clients and revenue. Can you afford to lose clients and revenue, and more importantly, can you recover data that’s lost or stolen due to your negligence? It’s estimated that businesses that fail to recover their data following a breach, will go out of business within one year following the incident.

Another point of interest is the cost associated with data breaches and loss associated with these three leading factors:

Data theft due to malicious intent
$236 per record. This is data that’s considered lost or stolen due to a hacking attack, like ransomware or a network virus. Really, the sky’s the limit for data theft in this category; there are so many threats out there that it’s basically impossible to specifically prepare for each one.

Data loss due to hardware failure
$213 per record. This is data that’s lost due to system malfunctions or hardware failure, like a server or workstation crashing unexpectedly. Unlike hacking attacks, this is something that you can prepare for, by taking proper care of your technology and keeping an eye out for warning signs.

Data loss due to human error
$197 per record. This is data that’s lost when your users do something on accident, like move a file or expose credentials to hackers, that puts your data in harm’s way. This is a bit more difficult to protect from, as you’re relying on your end users knowing what they’re doing. Be sure to educate them on best practices, and ensure that they only have access to data that they absolutely need for their position.

Is your business prepared to handle the many situations that could lead to expensive and costly data breaches? If you’re not sure, reach out to OMNI Solutions Group. We offer several solutions that are designed to protect your business from all manners of threats, including proactive security solutions (firewall, antivirus, spam-blocking, content-filtering), backup and disaster recovery, and user access control. To get started, all you need to do is call 301-869-6890.

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Threat Spotlight: Brute-Force Attacks and How to Defend Against Them

Threat Spotlight: Brute-Force Attacks and How to Defend Against Them

One of the most popular methods of online hacking attacks involves what’s called a brute force attack. This is when a hacker overwhelms a login system with multiple attempts until the hacker is able to log in and access the system. They are dangerous attacks that could expose not just sensitive information, but also leave you vulnerable to ongoing hacks.

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Alert: Petya Ransomware May Be the Worst Yet

Alert: Petya Ransomware May Be the Worst Yet

Ransomware is such a popular method of attack used by hackers that new variants of it pop up every few months. Among these is Petya, a nasty new ransomware that masquerades as an unsolicited resume in an organization’s email inbox. Don’t be fooled, though; the only work these hackers are looking for is to work you out of a couple hundred dollars.

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Alert: A New Malware to Worry About for PC Gamers Using Steam

Alert: A New Malware to Worry About for PC Gamers Using Steam

Hackers have always gone after industries that are profitable, or hold sensitive information that can be lucrative when sold under the table. As such, retailers that accumulate financial credentials are often hit by hacks. The entertainment industry is no different, and hackers continue to grow craftier in their pursuit of wealth and power. Not even Steam, the PC gamer’s most valuable software solution, is safe from the dangers of hacking attacks.

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How to Avoid These 4 Common Social Engineering Scams

b2ap3_thumbnail_do_not_fall_victim_to_these_tricks_400.jpgHackers are always trying to find the latest exploits to infiltrate unsuspecting businesses. One of the most dangerous and arguably the most difficult to identify is called a social engineering attack, which is where the hacker exploits the end user, rather than cracking the security of technology systems.

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Mobile Botnets Make the Internet Even Less Secure

b2ap3_thumbnail_hackers_are_using_botnets_400.jpgTechnology is often exploited by hackers for their benefit, but one avenue of attack that’s consistently neglected is the mobile device. Smartphones and tablets are arguably at greater risk than desktops and workstations due to them being exposed to more wireless networks. One of the greatest threats to these devices is the botnet, a threat that usually targets desktop computers, enslaving them and turning the machine against its owner (and the rest of the Internet).

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Alert: Hackers Posing as IT Support and Hijacking Computers

b2ap3_thumbnail_technology_take_400.jpgOne minute you’re browsing trusted sites on the Internet, the next, your PC freezes up and displays the dreaded blue screen of death, along with a fake tech support message. This strain of malware is duping plenty of computer users into calling the provided phone number, which only makes the situation worse.

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If Classic Monsters Were Computer Viruses

b2ap3_thumbnail_halloween_it_400.jpgWhat’s scarier, monsters or computer viruses? While it would be horrifying to be caught in a dark alley with a vampire, it would also be terrifying to lose your data to a hacker. Each entity is scary in its own right, but how frightening would it be if the two were combined?

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You Won’t Believe the Most Evil Domains on the Internet

b2ap3_thumbnail_some_domains_are_associated_with_malware_400.jpgHave you ever wondered which websites on the Internet are the most dangerous? Recently it’s been discovered that the majority of threatening websites on the Internet fall into some very easy-to-identify categories; or, more specifically, about 95 percent of all dangerous websites are found on ten top-level domains.

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Advanced Malware is Targeted, Stealthy, Evasive, and Adaptive

b2ap3_thumbnail_advanced_malware_presents_threats_400.jpgThe online world is a scary place. Viruses, malware, spyware, adware, and more are all out there trying to get at your network. These threats are almost always prevalent, but compared to each other, some are vastly superior and far more dangerous and advanced than the others. Advanced malware has the potential to disrupt your business’s operations, cause extensive data loss, and more.

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How to Remove the Super Dangerous Superfish App from Your PC

b2ap3_thumbnail_superfish_two_400.jpgAs seen by the recent Superfish app debacle, software that comes preinstalled on a new PC shouldn’t always be trusted. Most of the time, the innate software on a device can be trusted; but the Superfish application is an exception. This app, which came preinstalled on new Lenovo PCs between the months of September and December of 2014, can potentially compromise the security of your machine.

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