18% of employees admitted to sharing their password.

In 2008, the average cost per incident of a data breach was $6.7 million, and lost business averaged $4.6 million.

64% of losses were due to the actions of insiders at the company.

A shocking 11% of employees reported that they or their fellow employees accessed unauthorized information and sold it for profit.

Business travelers lose more than 12,000 laptops per week in US airports.

31% of customers terminate their relationship with organizations following a breach.

Businesses lost over $1 trillion to cybercrime in 2008.

77% of companies think their networks are not secure.

The per capita cost of a data breach already exceeds $1000.

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39% most concerned about threat from employees, not hackers.

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Per Capita Cost Exceeds $1000

Data breaches against corporations are becoming ridiculously common.  And how many of them are from outside the company, and how many are from insiders?  People who were trusted, but for some reason cooperated with a hacking of the data.  Knowingly, or unknowingly.  And perhaps a ‘trusted party’ compromised data accidentally and is hiding behind the excuse that their credentials were stolen.  Either way, its costly, unpredictable and impossible to protect against…   until Sovay identification.

Sovay identification does not use credentials that can be stolen or loaned.  And Sovay can not be spoofed.  And each authentication by Sovay is video’d, supplying an irrefutable audit.

As can be seen in this chart at pgp.com, risks are high, and broadly impacts many industries.

From PGP.com

Industries not listed here were not part of the study, but clearly, are also at risk. What industry are you in?  If not one of these, are you immune, or similarly at risk?  And how responsible are you for protecting against data breaches?  Can you afford not to get Sovay authentication on your side?  Make these risks a thing of the past, at least for your company !!

To learn more about SOVAY identification, email us at info@veritrix.com

More Ask Sovay

  • Is Multifactor Authentication the ultimate in enterprise security?
  • Are fingerprint readers the current state-of-the-art in biometric identification?
  • Do Biometrics have high False Rejection Rates (FRR)?
  • Are our "trustworthy" employees actually a significant risk?
  • Our users will not tolerate any inconvenience. How do we improve authentication security and keep our workers happy?
  • Do large, world-class organizations need stronger authentication?
  • Does stronger authentication cost more?
  • Will tokens help achieve strong authentication?
  • Are passwords the typical best practice?
  • How do we implement a system that many types of users can use, without changing the way they work?

Words used by visitors that found this page online: malware, control, authentication, threats, company, firewall, identification, biometric, spoof proof, hardware, verification, band, integration, technology, configure, data, user friendly, customizable, network, operating, system

Veritrix is a User Authentication software company. Our unique line of Sovay products offer the latest versions of Identification Protection Software with the following methods: Real Time Authentication Solutions, Multifactor Authentication Solutions and Biometric Authentication Technology.


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