Seven Data and Information Security Mistakes Even Smart Companies Make

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Not Vetting Encryption Used by Vendors

The U.S. government requires FIPS 140-2 encryption for data. If an encryption method is not tested and validated by an independent laboratory, then the government considers any data encrypted using that method to be equal to plain text. That poses unnecessary risks to companies, particularly with regulators, according to Ray Potter, CEO and co-founder of SafeLogic.

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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