As data breaches continue to grab headlines across a variety of industries, the potential gravity of their effects are being acknowledge by employees at all levels of business.
IT departments take the bulk of responsibility for data security in the majority of organizations, and these enterprise technology teams are feeling the pressure like never before. Increasingly complex threats and competing priorities are now overwhelming data managers in a number of cases.
According to recent research from Websense, 72 percent of 2,000 IT leaders and business executives surveyed said they consider the task of protecting company data more stressful than managing personal debt, being involved in a minor car accident or getting divorced. Additionally, 86 percent of respondents suggested that a security incident could cost an employee his or her job, depending on the severity of the breach.
Although these fears may seem overstated upon first glance, they may be rooted in reality.
Within the study, 34 percent of respondents indicated that their organization had irretrievably lost information required for data compliance purposes, and nearly a quarter experience a breach of CEO or executive data.
"This survey shows that companies need to recalculate their assumptions about how well their data is protected," said report authors. "When asked about real-time protection solutions in place, many respondents listed product and vendor names that don't offer real-time protection at all."
Luckily, these shortcomings are not falling on deaf ears. Recent news headlines have made data and Internet security issues virtually unavoidable.
Just this week, the business community was shocked to hear that the Securities and Exchange Commission fell victim to a data breach that may have compromised employees' personal brokerage accounts. According to Reuters, the incident occurred when a contractor violated the terms of an agreement with the SEC by providing names and account numbers to a subcontractor.
As a result of these cautionary tales, more than 60 percent of IT managers responding to the Websense survey have made changes to their data security strategies, including new investments and policy overhauls. Additionally, nine out of 10 said new levels of company management have taken part in network security discussions in the past year.
Regardless of the motivation, increased data security awareness is good news for the business community. If technology is expected to drive business growth, it is only right that companies increase internal collaboration and help their strained IT department design and implement strategies that answer the call.
Data Security News from SimplySecurity.com by Trend Micro