Security and Compliance: Violations and Lack of Confidence Are Widespread

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“Data breaches are more prevalent than ever and regulatory agencies are handing out millions of dollars in fines for privacy and security violations, yet this survey shows companies are still cutting corners,” said DataMotion’s chief technology officer, Bob Janacek. “Some companies mistakenly believe suffering a data breach would be less expensive than the cost of being compliant. What they fail to consider is the price they’ll pay goes far beyond compliance fines. In addition to investigation, legal fees and costs associated with new prevention efforts, there’s always severe backlash from a tarnished reputation. The fact is, cost-effective, easy-to-deploy, user-friendly secure data delivery solutions are available that can go a long way in eliminating security risks and ensuring compliance.”

DataMotion, an innovator in cloud-based data delivery services, recently released research showing that despite having corporate security and compliance policies and solutions in place, there is a widespread lack of confidence among respondents in their effectiveness. According to survey findings, 84 percent of respondents believe employees/co-workers violate security and compliance policies for transferring files electronically and only 45.5 percent feel these policies are fully understood. Adding to respondents’ compliance woes, nearly one in three admit their company knowingly takes risks because they don’t have the resources to be totally compliant. Considering these results, it’s no surprise that only 37.5 percent of respondents state they are very confident that their organization would pass a compliance audit if selected.

Conducted by DataMotion, the survey polled more than 200 IT and business decision-makers across the U.S. and Canada to gain insight into corporate email and file transfer (FTP) habits. The survey particularly focused on those in industries that routinely deal with sensitive data and compliance regulations, such as financial services, healthcare and government.


Related Topics : Litigation, Consultants, Digital Rights Management, Environmental Regulations, External and Internal Audits

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