Meanwhile, a report from the International Data Corporation (IDC) indicates that in 2023, the total data breaches in Asia reached 2.6 billion records, marking a 10% increase compared to 2022. According to the European Union Agency for Network and Information Security (ENISA), in 2023, the total data breaches in Europe reached 1.5 billion records, representing a 5% increase compared to 2022.
Based on research conducted by the Ponemon Institute, the average cost incurred by organizations due to data breaches is $3.86 million. The costs can vary depending on the size of the organization, the type of data breached, and the impact of the data breach on the organization.
Data breaches can have significant impacts, especially on companies and organizations, including financial losses, damage to reputation, privacy concerns, and legal consequences. Some notable data breach cases include:
- BPJS Ketenagakerjaan Data Breach (March 2023): The personal data of 18.5 million BPJS Ketenagakerjaan users was compromised, resulting in BPJS Ketenagakerjaan incurring costs of Rp1 trillion.
- Tokopedia Data Breach (December 2022): The personal data of 15 million Tokopedia users was exposed, leading to Tokopedia incurring costs of Rp500 billion.
- Kemenkes Data Breach (January 2023): The personal data of 10 million Kemenkes patients was breached, causing Kemenkes to incur costs of Rp200 billion.
- Equifax Data Breach (2017): The personal data of 143 million individuals in the United States was compromised from Equifax, a credit bureau company. This breach resulted in Equifax incurring costs of $700 million.
- Marriott International Data Breach (2018): The personal data of 500 million Marriott International guests was exposed, leading to Marriott International incurring costs of $25 million.
- Data Complexity: As an organization or company grows, the data it manages becomes increasingly complex in terms of types, volume, and structure.
- Lack of Coordination: Effective database management requires good coordination among various stakeholders, including IT teams, business teams, and security teams.
- Resource Shortages: Effective database management implementation requires adequate resources, including budget, workforce, and technology.
- Lack of Awareness: Companies and organizations need to understand that effective database management can help reduce data breach risks, improve efficiency, and enhance decision-making.
- Data Security: Effective database management can enhance data security through strict access controls, data encryption, and regular software updates.
- Improved Efficiency and Effectiveness: Good database management can improve the efficiency and effectiveness of data management, reducing the risk of human errors.
- Enhanced Data Visibility: Effective database management can increase data visibility, making it easier for organizations to identify and address data security issues.
- Consulting with Experts: Database management experts can provide practical solutions to mitigate data breach risks and enhance data security and management effectiveness. Monster Data Asia is a company specializing in database management, helping organizations manage their databases. Monster Data Asia has experts in the field of database management and deep knowledge of implementing access controls, data encryption, and software update strategies tailored to your business needs. Consulting with a DBA expert can also help you identify solutions that fit your budget, allowing you to take the right steps to protect your critical data and enhance your business operations.
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