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Data Security: A False Sense of Security
73 percent of companies say they do a good job at securing personally identifiable information. That’s sensitive information that includes name, address, date of birth, race, National ID/social security number and medical history. But the reality is that 58 percent of those same companies say that they’ve had at least one data breach over the last two years. The information was collected by Accenture and Ponemon Institute.
70 percent of the organizations think that they have an obligation to secure personal information which they collect. But as many as 45 percent disagreed with the idea that their customers should be able to have a say about what type of information they collect about them.
The report also notes that only 18 percent of all data loss are the result of cybercrime. Breakdown of internal safeguards are much more likely to be the reason for security loss. 57 percent of organizations have experienced data loss due to business or system failure, and another 48 percent attributed data loss to employee negligence.
From the customer perspective, 70 percent say that maintaining the privacy of their personal data is very important to them. A majority of customers feel that they should ‘own’ or have complete control over who can access their data. Customers feel that they should be able to review the information that is stored about them and be able to see who has had access to their data. But 42 percent of customers are skeptical that organizations that have access to some of their information don’t do enough to safeguard it.
