Report: Some Companies Lose Data Six Times a YearBy Lisa Vaas | Posted 2007-03-07 Email Print
Modernizing Authentication — What It Takes to Transform Secure Access
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 companies68 percentare 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.