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Business

How Do Data Breaches Impact Hiring?

Source: https://www.reveliolabs.com/news/business/how-do-data-breaches-impact-hiring/

Data is one of the most valuable resources today. The companies that own and store the world’s largest and most valuable data wield enormous influence. Yet despite their power, these companies are increasingly vulnerable to data breaches, a costly and reputationally damaging affair.

IT security professionals are the primary defense against a data breach, yet they often get hired following a breach rather than before.

By looking at 48 of the largest data breaches of the last 10 years, we see the hiring trends for IT security before and after a breach:

Below we rank companies based on those that have hired the most IT security professional before a breach compared to afterward.

Takeaways:

  • When it comes to data breaches, companies are often “too little too late”, generally hiring after a breach has occurred, not before.
  • Even more surprising, there’s a general decrease of IT security positions right before a breach, showing a lack of concern for security.
  • Expanding IT security teams generally takes 2 to 3 quarters, since these roles are in particularly high demand.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.