Prime Factors Blog

Turnover in the IT Department Have You Feeling Lost in Transition?

Posted by Pete Flagella on Oct 18, 2017 4:13:13 PM

Are you ready to face the impact of losing a key resource in the IT department?

Companies work extremely hard to recruit and retain top-notch employees with valuable skills and knowledge. While there are respective costs and metrics used to quantify the monetary value of loss, what about the measurement of value in knowledge? While there are a number of reasons that losing a key IT resource can be harmful to your company, security may be at the top of the list. The security and encryption tools that you use in your organization can be greatly affected if the knowledge surrounding how these solutions are implemented walks out the door.

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards

The Perfect Cocktail for an Effective Encryption Strategy

Posted by Pete Flagella on Oct 5, 2017 3:17:42 PM

Have you felt “shaken and stirred” with all the recent cyberattacks lately? Equifax, state election systems and the SEC have all been hit in the last few months and there’s more to come. The question is whether the key ingredients of communication, smart key management, and intelligent access control are all mixed to achieve the ‘perfect cocktail’ to an effective encryption strategy. 

Whether using an ATM, sending an email, shopping online or managing a multi-level enterprise, encryption and cryptography are a part of our everyday lives. If organizations are not implementing an effective encryption strategy their most sensitive data and infrastructure are vulnerable to fraud, identity theft, corporate espionage, and a variety of other digital threats.

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards

Data Security Breach Responsibility Shifting to C-Suite, Costly Blind Spots Affect Company’s Financial Landscape

Posted by Pete Flagella on Sep 27, 2017 12:45:49 PM

Data breaches through all industry verticals are on the rise and the responsibility for those breaches has shifted to the C-Suite. According to 2017 data breach reports by Forrester and Verizon, “45% of IT Practitioners don’t believe that brand protection is taken seriously in the C-Suite and 42% of CMO’s don’t believe that brand protection is taken seriously in the C-suite.”  This kind of “in the dark” thinking creates blind spots with costly consequences resulting in decreased bottom line, shareholder value, and damage to the brand.  Additionally, the reports state, “31% of consumers discontinue relationship after a breach.”   The C-Suite miscalculation of risk must be taken seriously and can no longer be viewed only as an IT issue, but rather must be treated as a shared responsibility.

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, data breach, equifax

If This Isn’t Enough to Make Your Heart Stop...

Posted by Pete Flagella on Sep 18, 2017 10:00:00 AM

We have all heard by now that cybersecurity threats through all industry verticals are on the rise. Verticals such as banking and credit services have been sectors ripe for cyber-attacks and data breaches where personal information is targeted. But personal information required for health care services has become a key source for data hackers who are getting smarter -- targeting hospitals for the patient data they require to deliver care and services…it’s enough to make your heart stop. The recent article in Health, Inc. “Hospitals Face Growing Cybersecurity Threats” reminds us how important it is to protect not only the technology that keeps a patient alive and breathing, but also their personal and private health data.

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, encryption keys, PGP, PGP Encryption, PII, health information security

Bang for the Buck: Why Encryption Provides Effective (and Cost-Effective) Data Security

Posted by Pete Flagella on May 11, 2017 10:00:00 AM

Unfortunately, keeping data secure is no longer as simple as placing items in a locked file cabinet. With the adoption of cloud computing, companies now have data that is located across a myriad of different providers and platforms, and ensuring this data is safe can be a challenge. While it may be difficult to institute a perfect security system, encryption offers companies perhaps the most powerful and cost-effective way to protect data – both at rest and while in transit. 

In this blog, we’re going to discuss why it should be a requirement for any company doing business in today’s environment.

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, encryption keys

Famous Data Breaches – and What They Cost

Posted by Gwen Fremonti on May 4, 2017 10:00:00 AM

While it's the largest data breaches that grab our attention, even smaller information security failures can have a big impact on a business, reducing its credibility, turning off current and potential clients, and making individuals far more vulnerable to fraud and identity theft.

In this article, we’ll look at some of the biggest data breaches ever and examine just how they affected the companies that were victimized. We’ll also answer other questions you might have about some of the biggest (and worst) information security incidents in recent history, such as: How much have the biggest breaches cost? How many customer or user accounts did they expose? How do they compare in size and scope to the Yahoo breach? Let’s find out.

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, data breach, encryption keys

Encryption: The Cost, The Protection, and the ROI

Posted by Pete Flagella on Apr 27, 2017 10:00:00 AM

It's no longer only the concern of governments and corporations: encryption is both lock and key to cybersecurity across a range of organizations, of all sizes.  In 2016, the Ponemon Institute calculated the average total cost of a data breach to be $4 million. The next two years sees the chances of 10,000 lost or stolen records at the average organization sitting at 26 percent. As more businesses and private users upload and store data in digital cloud environments, encryption is a topic that can't be avoided and a responsibility that shouldn't be ignored.

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, encryption keys, PCI Compliance

Navigating the Shifting Sands of Data Security and Compliance

Posted by Gwen Fremonti on Apr 25, 2017 10:00:00 AM

One thing that will never change about cyber security is that there will always be change. Protecting sensitive and private information in this age of digital hackers and scammers is more important than ever. Any organization can become a target, and the tools needed to fight the invaders must keep up; industry standards will be updated and new regulations will be added, and your business has to stay on top of all of it.

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: encryption, PCI Data Encryption, PCI Data Security Standards, encryption keys, PCI Compliance

Effective Data Security Solutions Balance Security Needs While Optimizing User Experience

Posted by Pete Flagella on Apr 20, 2017 10:00:00 AM

When it comes to deciding how, when, and what to secure and encrypt, companies face a variety of difficult choices – and one of them is whether to prioritize system security or to emphasize ease of use for employees. In many cases, making the right trade-offs between security and usability can be tough; some systems and protocols are highly usable, but not very safe, while others are highly safe, but very difficult to use. Organizations need to find solutions that consistently strike an effective balance between the two.

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: encryption, PCI Data Encryption, encryption keys

Let's Talk Tokenization

Posted by Gwen Fremonti on Apr 18, 2017 10:00:00 AM

In our modern era of cyber-attacks and security breaches, the value of sensitive data detailing our financial transactions and personal lives is at a premium. From groceries to government, the threat of our potentially lucrative online existence being hijacked and sold to the highest bidder is foremost on the minds of both the public and digital security experts. And while it may sound counterintuitive, one of the safer data transfer processes could be one that attempts to render your valuable details completely worthless: tokenization. 

A marked shift toward tokenization has been underway since 2014, when EMVCo LLC  implemented specifications via EMV (Europay, MasterCard, and Visa). EMVCo's members also include Discover and American Express, so this change in how sensitive data is delivered and processed is set to become America's standard. It's not just financial data: everything from your driver's license, medical details, and voting profile all stand to benefit from being tokenized. So how does it work?

To learn how encryption can lower the cost of regulatory compliance while enhancing security, download our white paper Reducing the Cost of Regulatory Compliance with Encryption 

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Topics: Tokenization, encryption, PCI Data Encryption, encryption keys