The O2 arena awards five-year event control contra... » Integrated Security Consultants (ISC) Ltd, has been awarded a five-year contract to supply CCTV and ... Tripwire Now discovers more than 100,000 condition... » LONDON, UK:  Tripwire, Inc., has announced that Tripwire® IP360 TM now discovers more than 100,000 c... Octavian launch new training giveaway on World Hea... » Octavian Security has unveiled a competition to coincide with the launch of the newly accredited Oct... Nigeriaghanistan: A nation's backward march to neo... » 23"Take away from Me the noise of your songs; I will not even listen to the sound of your harps. 24"... Lord's to host inter services T20 Cricket Competot... » Vigilance can report that the Combined Services Cricket Association can confirm that the Inter Servi... BeyondTrust appoints former Northrop Grumman Chair... » PHOENIX: BeyondTrust has appointed Dr. Ronald D. Sugar, former Northrop Grumman Chairman and CEO, to... Check Point discovers massive vulnerability in Mag... » Check Point® Software Technologies Ltd has announced that their Malware and Vulnerability Research G... A10 Networks works with RSA security to provide e... » SAN JOSE, Calif.: A10 Networks has collaborated with RSA, The Security Division of EMC, to help incr... Matrix42 signs UK partner agreement with Distology... » LONDON, ENGLAND: Matrix42 has announced Distology, the successful security and risk value adde... Windows forensic analysis skills are vital to addr... » Even with the expected arrival of a slew of security improvements in Windows 10 such as multi-factor...

CLICK HERE TO

Advertise with Vigilance

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Information Security Header

New York (US) and London (UK): A survey conducted by Varonis, the leading provider of comprehensive data governance software, has revealed that 70% of organisations storing third party data are not ‘very confident’ that the sensitive data stored within their organisation is protected. With 80% of organisations surveyed storing sensitive information from customers, clients, vendors and business partners, rather disconcertingly over half were only ‘fairly confident’ that it is protected. Nearly one fifth were ‘not confident at all’ that sensitive data is protected and an astonishing 5% were left ‘unsure’.

This means that the majority of organisations in this study are failing to comply with Sarbanes-Oxley, the UK Data Protection Act 1988 and the EU Data Directive on Privacy which may result in organisations being subject to 2% fines of global revenue. David Gibson, Director of Strategy for Varonis, explains: “It’s worrying that so many companies are still complacent when it comes to data protection. It means that these organisations would have some serious questions to answer should they suffer a breach. In fact, regulators such as the SEC, ICO and EU would likely deem that they had failed in their obligation to provide appropriate security protection to prevent sensitive data breaches and impose a hefty financial penalty. It’s really not rocket science, if you’ve got sensitive data and you’re not very confident that it’s adequately protected you need to take action.”

When looking at the difference between organisations, of those who claimed to be very confident that their data was protected, 60% were very confident that they know where their sensitive data is stored. Over 40% monitor all actual access activity and assign owners to all folders and intranet sites. Additionally, 65% review and revoke permissions– 45% do so regularly, so not just when someone leaves the organisation.

Unsurprisingly, those who are not confident that the data within their organisations is protected do not know where their data is stored (10%), do not monitor all data access (0%), do not have owners assigned for all data (3%), and less regularly review and revoke access.

For an infographic showing highlights of the research and a pdf of the full results please see: http://www.varonis.com/thanks/downloads/download-dataprotection.html