I visited one of our customers recently to learn about his experience with our service. I understand that one of his main motives is to comply with GDPR requirements. Even though, I asked him, “why did you decide to do penetration testing for your application?” His answer was totally unexpected!
Penetration testing helps you to uncover the vulnerabilities in your applications/systems. Then you put a mitigation plan and fix them before hackers miss use those gaps. So, penetration testing is a proactive service to prevent you from serious consequences.
What could be the cost?
One of those serious consequences is data breach which affects companies financially. According to IBM study, the average cost for each lost or stolen record containing sensitive and confidential information costs $141 and the average size of the data breaches in their research is more than 24,000 records. So, a data breach can cost your company easily $3,4m.
Penetration Testing and GDPR
In their efforts to protect the privacy of their citizens and residencies, the EU put GDPR in action on 25th of May 2018. One of the GDPR Articles, specifically 32, request companies and organizations to have a regular testing of the information security.