Orgs need to better understand source or risks
Once again, UK data breach costs are rising, to an average of £71 per record. Data breaches can create catastrophic bad press and can have a painful impact on the bottom line. Coupled with the new powers of the Information Commissioner’s Office to fine companies in the UK upwards of £500,000 for each instance of a data protection failing, the final overall cost of a breach or loss could very quickly dwarf the £1.9 million revealed by this. The fact that policy failures accounted for the biggest proportion, 37%, indicates that while companies are heavily investing in intrusion prevention, they are not properly managing access by their own employees to critical data such as customer information or patient records. Organisations need to better understand where their greatest sources of risk reside as well as who is accessing sensitive data, how and why. It is the organisation’s responsibility to stringently manage policy and track activity to make sure that access to the most sensitive data is only granted to those for whom it is necessary to do their jobs.
Marc Lee, EMEA Sales Director, Courion