Corporate Security – Sizing Up the Data Loss Problem
“…more than 100 million data records of U.S. residents have been exposed due to security breaches every year.”
It’s a mobile, connected world – and companies are paying the price for not monitoring and controlling electronic communications as they exit the safety of the company. While most organizations scan inbound email for unsolicited or dangerous content, most fail to check their outgoing email, IM and other Internet-based communications, essentially allowing the unauthorized or unintentional transfer of sensitive information outside of the organization.
Deloitte’s Global Security Survey reported that 49 percent of companies have experienced an internal security breach in the past year. Of those, 31 percent experienced a breach from a virus/worm incident, 28 percent through insider fraud and 18 percent by means of data leakage (19 percent experienced the breach through other means and 4 percent choose not to specify). It’s also significant that fully 96 percent of respondents reported that they are, “concerned about employee misconduct involving their information systems.”
Most Common Internal Security Breach Causes
virus/worm incident (31%)
insider fraud (28%)
data loss (18%)
other means (19%)
According to the Privacy Rights Clearinghouse, more than 100 million data records of U.S. residents have been exposed due to security breaches every year. While the FBI estimates that the total cost of all data breaches, including corporate data, cost companies a total of $62.7 billion, experts add that the average cost of one incident of data loss or leakage for large organizations is estimated at $4.8 million. Data loss can compromise intellectual property or cause an organization to violate compliance regulations. It can be an all-out threat to the considerable brand value a company has built. To protect its investment in its brand, products, partnerships and employees, a company can no longer afford to ignore this hole in the corporate armor.
Staffcop – Data Loss Prevention Software