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Data Loss Prevention Tips

Each record lost, according to the Ponemon Institute, costs, on average, $204 to recover. Lose 1000 records (considered a very small breach), and you are suddenly out $204,000! According to the same study, the average cost for a business to recover from a data breach is $6.75 Million. The average cost to implement identity theft, social engineering and data breach training? In most cases, less than $50,000.

The causes are generally simple: perhaps your corporate  data security software and firewalls need updating; employees haven’t been properly trained to destroy sensitive documents they no longer need; executives are surfing on unprotected wireless in airports and hotels; sales teams are gearing up social networking strategies that accidentally release confidential or proprietary information. Whatever the cause, companies and business owners must to step up in 2011.

Check 3 Tips to prevent data loss below.

Corporate Security 2010 - Trends and Statistics for 2010-2011 - Next Big Threat

Hi guys! Corporate Data Security and Data Loss Prevention statistics shock us everytime we got new reports. But every shock brings us closer to the creation of the perfect DLP and corporate security solution. That’s how we are upgrading our StaffCop and Security Curator software. This time we got “2010 CDW Security Straw Poll: Data Loss Is Corporate Enemy Number One” report and here comes the digits.

The majority of medium and large businesses have dedicated IT security support in place, but nearly all see room for improvement in their business’ IT defenses

• 83 percent say a variety of events or inputs would compel them to increase their budgets for network security and threat prevention
• Only 17 percent say explicitly that nothing could compel their business to invest more for a higher level of security and threat prevention
• Fully 18 percent say that only a significant breach of their systems would compel an escalation of security investment at their business
• However, 39 percent say that an assessment of their systems pointing out real vulnerabilities would lead to additional investment

Looking ahead, data loss emerges as the number one cybersecurity challenge according to IT managers

• Data loss from internal threats, negligence and/or accidents was rated the “next big threat” by 37 percent of respondents, revealing that human factors are the greatest challenge
• One-fourth of respondents identified “evolved forms of current threats” as their top future challenge, suggesting they are still struggling with threats for which there are proven solutions
• Despite high-profile news coverage of botnet attacks, botnets showed as the top concern of only 14 percent of respondents

Data Loss Causes

You may think it’s unnecessary to use StaffCop or any other Data Loss Prevention Solution, but did you know that:
• 1 in 400 emails contains confidential information
• 1 in 50 network files contains confidential data
• 4 out of 5 companies have lost confidential data when a laptop was lost
• 1 in 2 USB drives contains confidential information
• The average cost of a single data breach is $14 million
• Companies that incur a data breach experience a significant increase in customer turnover—as much as 11%
• Laws in over 35 states, in addition to several federal mandates, require organizations to protect confidential information.

DLP

We talked much about Data Loss Prevention and Corporate Data Security, but let’s see what does it mean for us.

Sensitive data is our most important asset, yet we tend to spend more time securing our applications, servers and environments than protecting the actual data itself. This will change in 2010 as technologies that directly protect data – things like local hard drive encryption and DLP (data loss prevention) solutions – are more frequently adopted by small and medium businesses.

“The average information leak costs organizations approximately $195 per record, averaging roughly $5,800,000 per breach in total.”

“U.S. businesses are losing approximately $300 billion annually from trade secret theft.”

Do not let these statisticcs scare you – try StaffCop Data Loss Prevention Software!

StaffCop is corporate security software that allows you to monitor activities on company computers and prevent unauthorized distribution of sensitive corporate information.

StaffCop software allows you to effectively prevent, detect, respond, monitor and review measures to reduce perceived risks of corporate data loss. IT professionals who use StaffCop can adequately monitor company resources for data breaches or prevent these breaches from occurring.

Loss of confidential data – including intellectual property, business documents, customer data, and employee records – is a pervasive problem among World companies, according to a survey released by Ponemon Institute and Vontu, a San Francisco-based provider of data loss prevention products.

Eighty-one percent of companies surveyed reported the loss of one or more laptops containing sensitive information during the past 12 months, according to the survey, which queried nearly 500 information security professionals.