Seven Data and Information Security Mistakes Even Smart Companies Make

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Next Seven Data and Information Security Mistakes Even Smart Companies Make-5 Next

Not Knowing Where Their Data Is

Data security becomes significantly less effective if a company doesn't know what's happening to their data – where it is being stored and sent, who's accessing it, and how it's being used. This information is critical not only to understanding the extent of the risks facing your data, but also for measuring the effectiveness of your security efforts. Christopher Burgess, CEO of Prevendra, Inc., asks "where are your crown jewels? Who can access them? What monitoring or anomaly detection is in place to alert of a compromise?"

Even smart companies can make data and information security mistakes. Over the past few years, the mistake-prone have included the largest banks, entertainment companies and health care providers. Even law firms are now vulnerable. And it's not always lack of resources that leads to vulnerability, although for some that's an issue - it's often about common traps that are easily avoidable.

In 2014, the average cost of a data breach to a company was $3.5 million, according to the Ponemon Institute. And some put the costs of Sony's well-publicized breach in excess of $35 million. The impacts are not trivial, but companies can take steps now to reduce their exposure. In this slideshow, Digital Guardian has identified seven mistakes that even smart companies make, according to some top data security experts, and what you can learn from them.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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