It is incredibly important for companies, especially those already dealing with a vulnerable client base, to ensure the integrity of their financials and identity after a data breach. In order to be vigilant and prepared at all times, every organization should partner with a security solution that can proactively monitor the Dark Web for customer and employee data

The consequences of a data breach are amplified when companies are slow to respond. In the wake of a data loss event, companies have a responsibility to quickly react by both communicating with their customers and by repairing the technical vulnerability. Even though the company took important steps to shore up their cybersecurity by integrating things like malware blocking tools, suspicious email reporting, email encryption, and two-factor authentication, their slow response time is bad for business and bad for their customers.

It’s clear that PSE did not fully appreciate the scope of the data breach. Although the company has not received any reports of personal data misuse, the compromised information can be used to orchestrate fraud in the near future. Along with harming the reputation of their company, PSE will have to answer to the press and customers in the wake of the breach.

When it comes to preventing malicious hacking attempts, the best offense is a strong defense. This means that all campus dwellers at a university should be enrolled in ongoing security training. Untrained employees are a significant security risk, but they can be transformed into an organization’s best defense against cybercrime.

When adding up the costs of a data breach or ransomware attack, it’s important to consider the residual effects that take shape in the wake of a security incident. After factoring in the losses that result from customer and employee attrition, the ROI of security training and awareness solutions becomes irrefutable.