Can a Business house survive Data Loss
Can a Business house survive Data Loss
certainly
not!
The impact of a data loss is not realised unless until the data is lost.
• 96% of all business workstations are not being
backed up. (Contingency Planning and Strategic Research Corporation)
• 50% of all tape backups fail to restore. (Gartner)
• 25% of all PC users suffer from data loss each
year (Gartner)
• 94% of companies suffering from a catastrophic
data loss do not survive – 43% never reopen and 51% close within
two years. (University of Texas)
• 7 out of 10 small firms that experience a major
data loss go out of business within a year. (DTI/Price waterhouse
Coopers)
Can you afford Security
Risks:
In a study by the US-based
Ponemon Institute, about 60 percent of employees who are either
sacked or resign steal company data to leverage a new job.
About 60 percent of employees who recently changed jobs reported taking confidential data from their previous employer. This included customer lists, employee records, non-financial information. The top three ways data is lost are through CDs,DVDs and USB drives.
About 60 percent of employees who recently changed jobs reported taking confidential data from their previous employer. This included customer lists, employee records, non-financial information. The top three ways data is lost are through CDs,DVDs and USB drives.
Increasing use of IT
infrastructure by Indian enterprises to enhance productivity and
expand operations in a competitive environment has led to growing
security risks such as loss of critical data, a study by the
intelligence marketing firm IDC (India) Ltd. has revealed.
"About 80 percent of Indian enterprises have agreed that loss or theft of critical data is a serious information security risk they face after threats from viruses and hackers," the survey, commissioned by security solutions provider Symantec India, said in its latest report.
"About 80 percent of Indian enterprises have agreed that loss or theft of critical data is a serious information security risk they face after threats from viruses and hackers," the survey, commissioned by security solutions provider Symantec India, said in its latest report.
"The need to protect
sensitive information like source code, intellectual property,
employee and customer accounts has made enterprises realise that data
loss can turn into a disaster in terms of competition, compliance and
credibility," Symantec India managing director Vishal Dhupar
told reporter in Bangalore.
The survey, conducted in August involving heads of IT infrastructure in verticals spanning banking and finance, manufacturing, media and entertainment, telecom, and IT and IT-enabled services, showed only 15 percent of Indian enterprises had any form of data loss prevention measures in place.
The survey, conducted in August involving heads of IT infrastructure in verticals spanning banking and finance, manufacturing, media and entertainment, telecom, and IT and IT-enabled services, showed only 15 percent of Indian enterprises had any form of data loss prevention measures in place.
"But medium and
small enterprises in diverse verticals have been lagging in adopting
prevention measures due to difficulty in data classification,
budgetary constraints and lack of priority or importance of
protection," Dhupar averred.
Even as data loss from
desktops or personal computers remains a serious threat, increasing
usage of laptops and smart phones by their mobile workforce poses a
greater risk to enterprises.
How
to handle
- Have data backup in place
- Direct Accessed Storage/NAS/Cloud/online media/offline media
- Ensure implementation of data backup schedule
- Educate and protect well-meaning employees and third parties from accidentally leaking or losing confidential data.
- Have IT hardware Audit done periodically.
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