Lost data is expensive. According to Pymts, reporting on a recent Ponemon report, the cost of a"compromised record" rose 6% from $145 to $154 last year. Inisolation this isn't much, but Ponemon found that on average thetotal cost of an average data breach is now $3.8 million. Whilehackers, malware infections and even hardware failures account forsome of this data loss, the biggest risk for organizations comesfrom within: Employees. In most cases this isn't malicious; staffssimply don't know where they're making mistakes. Here are four keyquestions — and answers — to help empower your employees.

How is it shared?

The biggest risk to sensitive files is improper sharing.According to Computer Weekly, six in 10 employees said they had "often orfrequently accidentally forwarded files to individuals notauthorized to see them." E-mail is the most likely culprit,although users also leverage public-file sharing services andsocial sites to quickly disseminate data and help enablecollaboration.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.