The average
cost per data leakage has been raised up to £2
from £1.04 within a year. The situation is alarming. Employees’ negligence is
the biggest reason of losing data; companies should create awareness in
employees regarding data security.
Description
According to
the latest report of cost of data breach 2013 issued by Symantec and the
Ponemon Institute, the average cost of a data breach has been risen up to £2. This cost has been raised from £1.04 to £2 in a
short span of time of a year. As the report suggests, the majority of data
breach incidents are the result of employee negligence. Employees lose their
portable drives that contain delicate information related to the company they
are working with. Another cause of data leakage is lack of security measures. The
average cost of a data breach has risen in the consecutive sixth year; it is
such an alarming fact. Hackers are also
a general cause of data breaches, and it can harm more than the data breach
through human error. But, still negligence of employees is still a bigger cause
of data leakage. Companies need to train their employees regarding data
security; they need to establish policy to protect data from leakage. They need
to make the employees understood their responsibility of taking care of
confidential data of the company. According to a research, only 25 percent of
the companies make policies to secure data and out of these 25 percent only
about 13 percent of the companies implement them.
It is advisable to use security
software that can Password
Protect USB Drive; using security software reduces the probability of
getting data leaked. The study conducted by Symantec and the Ponemon Institute also shows that customers
do not lose faith on the company even after their personal data leakage. But,
the fact is that no one likes his/her personal information to reach in the
wrong hands and being exploited. There are cases being reported where companies
have suffered losses that cost millions of Dollars, certainly not all companies
can bare these losses. So it is better to take precaution than to cry over the
spilt milk.
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