Three Quarters of U.K. Businesses at Risk of Future Data Breaches

Study Reveals that Almost Half of Businesses Believe Data Breaches Could Have Been Avoided with Automated Data Intelligence and Risk Assessment Tools

London, U.K., 17 August 2015Informatica, a leading independent software provider of all things data, has revealed that only a quarter of U.K. businesses believe their organisation could detect a data breach at any time, and just 33 say their organisation is very good to excellent at detecting and containing breaches. Meanwhile, nearly half (49 percent) of respondents admit to having experienced a breach in the past 12 months and believe it could have been avoided if certain processes and intelligent technologies had been in place.

The study exploring how U.K. organisations are approaching data security, revealed:

  • Data security concerns are escalating - As sensitive and confidential data proliferates everywhere, securing and protecting data is a high priority for 56 percent of respondents. In total, 59 percent say that they worry about mistakes from a temporary worker or contractor, up from 53 percent in 2014. Additionally, 52 percent fear third party or outsourcers management of data (including cloud)
  • Customer data is at most risk - An overwhelming majority (61 percent) listed customer data as the information most at risk, followed by business intelligence (32 percent) and the data contained within emails or attachments (29 percent)
  • Work to be done to improve security - The top data security solutions in place today include data classification, monitoring and discovery tools, with respondents believing that compliance and security could be improved through intelligent solutions, such as automated user access history with real-time monitoring (74 percent), policy workflow automation (74 percent) and automated data discovery/risk assessment (69 percent)

“As the gap between believing in data security intelligence solutions and actually possessing them diminishes, so inevitably will the risk of data breaches,” said Dr. Larry Ponemon, chairman and founder, Ponemon Institute. “Given the growing business and societal costs of breaches, and the runaway proliferation of sensitive data, organisations need to seriously consider adopting a data-centric security stance without delay. To do otherwise may soon be construed as negligence.”

According to the study, automated solutions for discovering where sensitive data has proliferated and assessing the risk are believed to increase data security effectiveness. The study reveals that 66 percent of respondents believe such a solution would improve an organisation’s security posture.

“Security professionals can no longer do without a solution that provides visibility into where sensitive and confidential data resides, coupled with visibility into its risk,” said Amit Walia, executive vice president and chief product officer of Informatica. “With Informatica Secure@Source, Informatica provides the industry’s only data security intelligence solution to deliver insight into where sensitive data is proliferating while presenting the data’s risk profile so that protective action can be proactively applied.”

The survey of 118 U.K. IT and IT security professionals with responsibility for data protection was completed by the Ponemon Institute as part of the annual 2015 State of Data Security Intelligence study sponsored by Informatica.

Additional Assets

Tweet this: News: @Ponemon study shows 75% UK businesses at risk of future data breaches http://infa.media/1KlSJyG @InformaticaCorp

About Ponemon Institute

Ponemon Institute is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries.

About Informatica

Informatica is a leading independent software provider focused on delivering transformative innovation for the future of all things data. Organizations around the world rely on Informatica to realize their information potential and drive top business imperatives. More than 5,800 enterprises depend on Informatica to fully leverage their information assets residing on-premise, in the Cloud and on the internet, including social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporation, http://www.linkedin.com/company/informatica  and http://twitter.com/InformaticaCorp.

###

Note: Informatica, Secure@Source, Informatica Platform and Informatica Vibe are trademarks or registered trademarks of Informatica in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.