Monday, August 31, 2009

What You Must Know About Data Breaches And how to protect your company

by Joe Carberry & David J. Chamberlin
08.31.09, 01:45 PM EDT

Right now, in a part of your organization you may seldom think about, a devious computer hacker from another part of the world may be removing millions of electronic files containing personal employee and customer information. Are you confident your organization is prepared to handle the fallout from that breach when it is uncovered?

Last year at least 650 organizations reported being the victims of data breaches, and the number continues to rise. According to the latest research from the Ponemon Institute, only 36% of C-level executives are confident their organizations won't suffer data breaches in the next 12 months. Meanwhile the average cost of a data breach has risen to $6.7 million, according to the July 2009 issue of Digital Transactions, and that's without counting the legal, regulatory and reputation damage that inevitably follows such an event.

To read the whole article, click here.

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