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Here are some very “eye opening” facts concerning encryption…

November 4th, 2009 admin Leave a comment Go to comments

“The Human Factor in Laptop Encryption: U.S. Study” key findings:

  • 92% of IT security practitioners report that someone in their organization has had a laptop lost or stolen and 71% report that it resulted in a data breach!;
  • 56% of business managers have disengaged their laptop’s encryption
  • Only 45% of IT security practitioners report that their organization were able to prove the contents of missing laptops were encrypted;
  • Only 52% of business managers have employer provided encryption;
  • 57% of business managers either keep a written record of their encryption password, or share it with  others in case they forget it;
  • 61% of business managers share their passwords, compared to only 4% of IT managers.

“Encryption is a very useful tool for protecting your the data. However, do you encrypt everything?”

  1. Have you encrypted your email?
  2. Have you encrypted the attachment from the Sales Director you downloaded?
  3. How about cookies which provide access to your hosted email or sales tools such as Gmail or Salesforce.com?
  4. Could the thief access your internal network via a VPN connection from your machine?
  5. It isn’t just the encrypted data on the machine that is at risk. Every day we download and access web sites without thinking about their security.
  6. All these factors can be as important and damaging as the data itself.
  7. Backstopp gives you 100% peace of mind that any data and means of accessing remote data are removed from the machine.

“Can your customers afford $6.65 million for a data breach if encryption fails due to human error?”

  • In 2008 the average total cost of a data breach was $6.65 million, up from $6.35 million last year and $4.54 in 2005.
  • In 2008, the per-victim cost of a data breach was $202, up from $197 in 2007, and from $138 when the study was launched in 2005.
  • Breaches involving a third party to which data had been outsourced bore a per-victim cost of $231, whereas self contained breaches bore a per-victim cost of $179.
  • Breaches that were the result of a malicious act bore a per-victim cost of $225, whereas breaches that were the result of negligence bore a per-victim cost of $199.
  • Breaches that were the result of a lost or stolen laptop computer bore a per-victim cost of $249, whereas breaches that did not involve a lost or stolen laptop computer bore a per-victim cost of $177.
  • If the data breach was a first-time event for the company the per victim cost was $243, but if the company had experienced a breach previously the per victim cost was $192.

PLEASE READ:   COSTS OF A DATA BREACH: CAN YOU AFFORD $6.65 MILLION?

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