Your Company's Data - When (Not If) Will It Be Breached?
The Chicago Tribune recently reported that Your Own Data is a ticking Time Bomb waiting to be breached. They report that regardless of how much is spent, even the largest organizations won't be able to stop breaches.
Data is becoming toxic for companies because the more data that exists, the bigger a target they become. They mention that the Ponemon Institute has the average cost of a data breach grew by 15 percent to $3.5 million and the likelihood of a data breach involving 10,000 or more records was 22 percent.
The ongoing rash of attacks brings into question what information an organization should be keeping. They report that one of the best defenses may simply be to reduce the data they hold.
Do most organizations even know how many copies of data that they have? Do they have plans to reduce the amount of real data that exists so that they can concentrate their defenses on the data that they must keep? What about our governments? Are they prepared?