Varonis keeps Emerson Industrial Automation secu... » Varonis Systems, Inc. has explained how its product suite has helped Emerson Industrial Automation r... Lieberman Software hits the ground running in Euro... » Privilege management expert sees huge success in European market after only six months London, UK: ... Guardian24’s lone worker safety app released on ... » Guardian24, the UK’s lone worker supplier of the year, has announced the release of their lone worke... Free-of-charge white paper informs about the ris... » London: Wherever secure transactions or network access are required, the person requesting access fi... KAICIID joins call by the global community to end ... » In northern Iraq, brutal violence has led to the murder of thousands of innocent civilians. Many rel... Former Army Air Corps pilot helps limbless veteran... » The Gazelle Military Helicopter Trust has been set up to restore Gazelle helicopters that have been ... Best Use of Stop and Search scheme » The Metropolitan Police Service [MPS] welcomes today's further announcement by the Home Secretary re... IPSecurityCenter chosen for Hospital PSIM Project ... » CNL Software has been chosen to provide a comprehensive security management system for a hospital fa... Check Point makes it again as a leader in the Gar... » Check Point has announced that it is again positioned as a Leader in the 2014 Gartner Magic Quadrant... NXT-ID approved for NASDAQ capital market listing » SHELTON, Conn.: NXT-ID, Inc. has announced that its shares of common stock and the warrants to purch...

CLICK HERE TO

Viewpoints Header

It seems that this disk drive may have belonged to an analyst processing loan applications. It is likely that there was no need for the analyst to have access to full live data to meet the business need. So why was live data lost so easily – especially given the Canadian PIPEDA regulations that have been in place for more than 10 years?

Encryption is a non-negotiable requirement for sensitive data such as personal information. PIPEDA requires “appropriate security measures” to be in place when handling it. There clearly wasn’t any here. Sadly, in data breaches like this the knee-jerk reaction is to encrypt all disk drives. That only solves a fraction of the risk challenge of handling sensitive data like loan application records. The real risk is the data, not the disk or server. Data goes everywhere – so protection has to be with the data itself. That said, where else is this information at risk? Why was such a significant trove of sensitive data on a portable disk drive in the first place? Why was someone able to copy unprotected data from an application or database without the appropriate protection? The industry has now agreed that traditional defenses – protecting infrastructure or storage, doesn’t do enough to protect data across the end-to-end data lifecycle. Fortunately, a new best practice called data-centric security has emerged as the leading method to mitigate breach risks. Data-centric security makes it easy to protect data wherever it goes to avoid the costly ramifications of data breaches accidental or malicious, yet enabling the data’s use in a data-rich process: a win-win for the CISO, privacy compliance and the line of business consuming the data.

Through powerful breakthroughs in data protection technology, it’s now possible to maximise data use without increasing risk without exposing the “live” data to low trust environments that are common in today’s information supply chain. Data-centric security techniques such as Format Preserving Encryption (FPE) – NIST FFX mode AES, are establishing the new standards for information protection. FPE enables data to stay protected from capture without the pain and friction of traditional data-encryption methods by allowing the protected data to preserve the look and feel of the original data. If anyone steals the FPE protected data or it’s lost, it’s useless to the attacker, removing the need for costly breach remediation. So in this case, the data in the records of 500,000 load applications could have been protected as it was captured and consumed across the business process without exposure. With a data-centric approach nobody would be footing the bill for $650,000 of unnecessary spend as in this case.