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Are You Really Secure?
Data Security: Loss of Confidential Data Can Kill Business

Most people still believe that espionage or a security breach won’t happen to them or their companies.
With increasing frequency, the loss of confidential data -- including intellectual property, business documents, customer data and employee records – is having a severe impact on the business world.

If you don’t think so, take a look at a few of the data compromises reported in the past two weeks:

  • An employee accidentally sent an e-mail with an attachment containing the names, cell phone numbers and e-mail addresses of nearly 5,000 customers to about 1,800 other subscribers.
  • Three laptop PCs containing confidential information about bank customers were stolen and none of the data was encrypted.
  • Malicious hackers made off with credit card information and other personal data belonging to about 19,000 customers of a company's online store.
  • An 18-year-old youth pled guilty to crashing his former employer's server with a flood of 5 million e-mails

One of the main reasons corporate data security breaches occur is because companies don't know where their sensitive or confidential business information resides.

Many security breaches are crimes of opportunity. Disgruntled employees may use legitimate access rights to prowl for data, data-rich notebooks belonging to forgetful users are stolen and dishonest employees sell information to the highest bidder.

Accidental data leaks often occur because employees or contractors lack sufficient knowledge about preventative measures or because employees or contractors are careless.

It’s getting to the point that customers, regulators and investors are concerned. In some cases, companies are being required to do whatever it takes to protect "data at rest," whether that data is in a structured database, on a backup tape, on a storage-area network or in a spreadsheet on a notebook computer.

Companies must pay more attention to measures such as activity monitoring and auditing, encryption, data classification and policy enforcement. While you can't guarantee that everyone in the organization will follow your security policy, if you don't have a policy in the first place, you can’t expect that your data is or will be secure.

There are few simple and practical steps to take to protect sensitive data.

  • First identify your most significant data elements.
  • Find out where this data exists on your network and where it is likely to leak.
  • Monitor your network and possibly the end point for the information and take appropriate action.
  • Encrypt data in the places where it is most likely to rest.
  • Plan your rights management strategy without further delay.


The bottom line is that the data is leaking and is not being contained in the way it should be. Those who are in the business of handling the information have to wake up to this reality.

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Compiled from a variety of Internet Sources

 


 
 
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