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Is your company ready for a big data breach? That’s the question the Ponemon Institute is asking in a new, first-of-its-kind study sponsored by Experian® Data Breach Resolution.
The study finds the biggest concerns regarding a big breach, defined as the loss or theft of more than 1,000 sensitive or confidential records, are losing customers and business partners, as well as the negative public opinion and media coverage that result. So just how are companies working to decrease their risk and prepare for a breach in order to help stave off such destructive consequences? Here are five key ways:
While these five practices are positive signs in reducing breach risk and increasing preparedness, the study also identified several ways companies are potentially increasing their risk. Such practices include permitting BYOD (bring your own device) without security testing – 78 percent do this. As for encryption, 46 percent do not use it on computers, servers and storage devices, and 22 percent of the privacy officers surveyed were unsure whether it’s used or not.
It only goes to show just how complex breach preparedness really is. If you aren’t prepared, a big data breach could be disastrous. So take the time in the first quarter of FY14 to prepare for a breach so you can effectively recover if one occurs.
Click here to download the complete data breach preparedness study.