23% Organizations faced a Security Breach in 2013

November 8th, 2013 by admin Leave a reply »

Modern technology has its positive as well as negative effect on individuals and businesses. On a positive side, it is designed to make life easier for individuals and businesses alike and the multiple ways in which it benefits all aspects of business are undeniable. But it also presents firms with challenges and data protection is one of the most serious ones.

A survey was conducted among 3,200 business executives and IT leaders from 16 countries, including the UK. According to this survey, data breaches are the most expensive IT problem that organizations can face. The poll, carried out by data management company EMC, found that on average organisations lose more than $860,000 (£530,000) per year as a result of data breaches. By comparison, any other IT problem that may occur in companies’ day-to-day business costs several hundred thousand less, EMC stated.

In today’s time, no organization is free from the risk of a Data loss incident. The survey showed that 29% of respondents reported experiencing data loss and 23% said they had faced a security breach. The most commonly listed consequences for businesses following these incidents included loss of employee productivity, cited by almost half of those polled, and loss of revenue, mentioned by 39%. In addition, one in three experienced loss of customer confidence or loyalty, while more than one in four reported loss of incremental business opportunity.

The poll conducted by EMC revealed that just 27% of all organizations reported that, in the event of incidents, data could be recovered within minutes or less. This highlights the fact that many organizations are unprepared to deal with data breaches.

Alertsec strengthens security

Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Organizations, especially corporate giants, have to have an information security policy in place that proves they have taken necessary steps and measures to safeguard the information they gathered. If these policies are not adhered to, the regulators may prosecute.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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