Did you know the cost of a data breach can vary significantly based on where in the world it occurs?
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“The costs of reacting to breaches almost always exceed the cost of preventing them,” said Nicholas Cheung of the accountants’ association CPA Canada. He was commenting in the press about a survey that showed managing data is the top technology-related priority of accountants today.
The costs of reacting to breaches almost always exceed the cost of preventing them. Protecting sensitive data has become critical in all workplaces. Organizations experience about one fraud event per week. The average cost of a data breach is $194 per lost or stolen record. Information protection policies and procedures are important. Designate a chief information security officer, create a data security team, inventory sensitive information, have on-going employee training and partner with companies committed to information security.
Have you implemented a Clean Desk Policy in your workplace? It directs employees to keep their desks and work space clean and uncluttered at all times with a specific emphasis on protecting sensitive information.
It’s not surprising that only eight percent of workers surveyed in a recent study said they completely disconnect from technology when they’re on vacation. But what is surprising is how unreliable these workers are when it comes to keeping company data secure out of the office.