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Security: Technology Makes Safeguarding Confidential Information Difficult
In this age of sharing and frequently used technologies like social collaboration and file sharing, we’ve managed to achieve greater openness and transparency, but we’ve also eroded our ability to secure information that is considered confidential. Managing secure information in organizations is hard.
Ron Arden, COO at data security vendor Fasoo, said that “a lot of people don’t realize how much intellectual property or trade secrets is floating around the organization.”
A study by the Ponemon Institute sponsored by Fasoo found the following:
- Only 36 percent of large companies are able to control how confidential information is shared with people outside the company.
- Only 27 percent of large companies are able to restrict employees from sharing confidential data.
- 68 percent of companies said that they don’t have a standard way for managing confidential data and are not sure where to look for it.
- 73 percent of companies think they probably have lost confidential data over the past year.
- Once sensitive data is released, few companies have any ability to track where that information flows.
Larry Ponemon, President of the Ponemon Institute, said that “there is a belief that data breaches are the work of malicious actors, internal and external, but it is more often the result of careless behavior by employees who don’t understand the impact of sharing files. The findings in this study should serve as a wake-up call for all organizations determined to protect high value information. Better security hygiene, including education and consequences for risky behavior, should include every employee with access to information in addition to the organization locking down proprietary data, intellectual property and confidential information that shouldn’t be accessed by everyone.”
