Seven Data and Information Security Mistakes Even Smart Companies Make

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Neglecting Data Governance

All the technology in the world won't help if organizations fail to enact policies to protect their data, says J. Wolfgang Goerlich, cybersecurity strategist with Creative Breakthroughs, Inc. Companies need to know how new data is classified and added, who gets access to data and how often access is reviewed. Additionally, there must be policies around backups and redundancies, how data access is controlled and how data is purged. Companies should also evaluate whether their current data loss prevention technologies and strategies will effectively protect them.

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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