“Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and The Ponemon Institute.”
The study specifies “Corporate America” is being affected by the behavior of employees who destabilize data protection. This behavior is resulting in encryption not being enough to protect laptops and other mobile devices that have sensitive information stored on them. The number one source of data loss is from lost or stolen laptops. When a laptop has been stolen, 3 out of 4 companies will incur a data breach.
Necessary safety measures are not being taken by business owners to secure their laptops. Some business managers even deactivate their laptops’ encryption making themselves and their clients more vulnerable to identity theft. Additional layers of security can be utilized to identify data that has been accessed, even delete sensitive information remotely, and find a lost or stolen laptop. Employers can not afford to rely on the behavior of their employees nor encryption technology to provide the data protection they need according to this study.
Source: Absolute/Ponemon
http://www.insurancejournal.com/news/national/2009/04/27/99982.htm
Tech Insurance Frequently Asked Questions:
If I give you my information, why can’t you give me my Professional Liability quote over the phone?
The answer is simple- We want to make sure that we are not wasting your time or ours by having to clear up misunderstandings or perhaps missing some information. Although it seems simple that you can just give us the information over the phone, our online system thoroughly goes through the questions in a few simple steps to make sure we have every thing that we in order to get you the best quote possible. Many of our carriers will not accept an application that has been filled out by anyone other than the insured.
By saving time on the phone, we are able to save the company as well as the insureds money in the long run by providing you with the best coverage at the most reasonable rates.
Do you know how much of your organization’s data is getting into cyberspace? Daily vital information about your company and your employees is seeping out and probably into the wrong hands.
There are laws in place in more that 40 states that are requiring companies to notify customers if their data may have been compromised. Not only is damage done to the company’s reputation, but also in some states, if a company neglects to inform an individual of possible identity infringement, then they may face civil liability, regulatory and legal cost.
Founder and executive chairman of the board, Timothy Sullivan of Fidelis Security Systems has developed a risk management method that moves the focus from “intrusion” to “extrusion” prevention. Sullivan states that the way companies handle the personal data of their clients and employees are of utmost importance.
Fidelis Security System’s XPS is the only one that runs at such high speeds to thwart unauthorized transfer of sensitive data on all network channels according to Sullivan. The system provides content security to all e-mails, file transfers, and peer communications. Evidence of extrusions can be obtained to enforce laws that control privacy and financial data integrity, states Sullivan.
“Ninety-eight percent of computer investment today involves trying to prevent people from getting into a system. We believe some of that money would be well spent in trying to keep information from getting out.”
Source: Rough Notes Magazine, April 2009, Greg Davis http://www.roughnotes.com
