Report: Some Companies Lose Data Six Times a Year

By Lisa Vaas  |  Posted 2007-03-07 Email Print this article Print
 
 
 
 
 
 
 

Sixty-eight percent of companies are losing sensitive data or having it stolen out from under them six times a year, according to new research from the IT Policy Compliance Group.

TJX's massive data loss is just the tip of the iceberg.

Almost seven out of 10 companies—68 percent—are losing sensitive data or having it stolen out from under them six times a year, according to new research from the IT Policy Compliance Group. An additional 20 percent are losing sensitive data a whopping 22 times or more per year.

The ITPCG is a security and compliance policy industry group that counts among its members the Institute of Internal Auditors, the Computer Security Institute and Symantec.

Between August and October 2006, the group conducted a benchmark of 201 organizations.

About a third of the organizations surveyed have revenues, assets or budgets of less than $50 million, with another third worth $50 million and $499 million, and 30 percent of the surveyed organizations were worth $500 million or more. Ninety percent of the organizations were located in the United States.

The good news to come out of the group's survey is that 12 percent of surveyed organizations are losing sensitive data less than twice each year.

Read the full story on eWEEK.com: Report: Some Companies Lose Data Six Times a Year



 
 
 
 
Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.
 
 
 
 
 
 

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters