Kiteworks 2024 Risk Score Report

The Kiteworks 2024 Risk Score Report provides a comprehensive analysis of
cybersecurity risks across various industries from 2018 to the first half of
2024. Developed by Kiteworks, a leader in sensitive content
communications, this report offers valuable insights into the evolving
landscape of data breaches, their impacts, and the urgent need for enhanced
cybersecurity measures in an era of rapid digital transformation. The report
stands out for its use of a standardized Risk Score, allowing for meaningful
comparisons across different sectors and time periods, thus providing a
holistic view of the cybersecurity risk landscape.

Central to this report is the innovative Risk Score methodology. This
standardized approach combines four key components: the number of data
compromises, the number of victims affected, the victims per compromise
ratio, and the average cost of a data breach. Each component undergoes
normalization using percentile-based techniques and is assigned a specific
weight based on its perceived importance in contributing to overall risk. The
final Risk Score is calculated on a scale of 1 to 10, with higher scores
indicating greater cybersecurity risk. This methodology enables accurate
comparisons across different industries and time periods, identification of
trends and patterns in cybersecurity risks, and data-driven decision-making
for resource allocation and risk mitigation strategies.

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Kiteworks enables organizations to effectively manage risk in every send, share, receive, and save of sensitive content. To this end, we created a platform that delivers content governance, compliance, and protection to customers. The platform unifies, tracks, controls, and secures sensitive content moving within, into, and out of their organization, significantly improving risk management while ensuring regulatory compliance on all sensitive content communications.

With on-premises, private cloud, hybrid, and FedRAMP deployment options, the Kiteworks platform provides the security and governance C-suite leaders need to protect their organizations, mitigate risk, and adhere to rigorous compliance regulations such as NIST CSF (National Institute of Standards & Technology Cybersecurity Framework), HIPAA (Health Insurance Portability and Accountability Act), SOX (Sarbanes-Oxley Act), GDPR (General Data Protection Regulation), GLBA (Gramm-Leach-Bliley Act), and FISMA (Federal Information Security Management Act), among others.