Here are some very “eye opening” facts concerning encryption…
“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?”
- Have you encrypted your email?
- Have you encrypted the attachment from the Sales Director you downloaded?
- How about cookies which provide access to your hosted email or sales tools such as Gmail or Salesforce.com?
- Could the thief access your internal network via a VPN connection from your machine?
- 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.
- All these factors can be as important and damaging as the data itself.
- 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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