Archive for the ‘DLP’ Category

Top 6 Reasons Financial Services Companies Classify Data

Wednesday, February 25th, 2015

Next week, SC Magazine will be hosting a webinar on how Provident Bank transformed their information protection strategy [link updated to webinar recording]. While it might be a bit of a spoiler, I will let you know that Provident Bank thought enough of classification to make it central to their data protection transformation, as have many other financial organizations. I have worked with a number of different financial services companies, and while each might deal with much of the same kinds of data – payment card information (PCI), personally identifiable information (PII), and intellectual property (IP) – they all had their own unique drivers for implementing classification. It made me wonder — what are the top 5 reasons that financial organizations have asked TITUS to help them classify their data? Here is what I found:
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World Data Privacy Day

Wednesday, January 28th, 2015

It’s Data Privacy Day today, and TITUS is participating with other organizations around the world to raise awareness about the need to protect personal data. While much of the focus of Data Privacy Day is on how individuals can protect their data from the mischievous, the opportunist and the criminal, here at TITUS we like to look at it from the other side. How can the bank, the clinic, the department store, the utility, the educational institution, and all of the other legitimate organizations that collect personal details be good stewards of this information?
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What is the True Cost of a Data Breach?

Wednesday, May 14th, 2014

This week, TITUS released an infographic that contains some sobering figures about the true cost of a data security breach. While lost data can mean lost intellectual property (which is hard to place an accurate value on), it most certainly would include fines, expensive customer communications, lawsuits, and an evaluation of technology and/or policy.  All totaled, the Ponemon Institute’s 2014 Cost of a Data Breach Study pegs the cost of a lost record in the US at $195 per record – up from $188 in 2013.
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The Evolution of Classification

Wednesday, October 23rd, 2013

Last week, the lead whitepaper in TechTarget’s Daily Top 5 was titled, How to Tackle Information Classification – published by the Jericho Forum. Naturally, I was interested to see what it had to say and eagerly downloaded it only to find that it was originally published in January 2009 – almost 5 years ago. Despite its age, the whitepaper is a solid introduction to information classification, the benefits and the challenges. In particular, it provides confirmation that classification is the lynchpin to successful security in a “de-perimeterised environment.” But there were a few areas where it was a bit, shall we say, “stale.” The Jericho Forum whitepaper identified some problems which, in the years since it was published, have been successfully addressed.

Let’s look at the three main problems areas that the Jericho Forum whitepaper identified: (more…)

Cloud Data Security…Are You Worried about the Cost?

Friday, February 24th, 2012

According to a survey by research group the Ponemon Institute, recently sited in an InformationWeek article, 91% of federal IT workers are either somewhat or very familiar with the Office of Management and Budget’s Cloud First initiative, however 69% believe that the initiative’s requirement to move three services to the cloud over 18 months is too fast. In fact, 71% of respondents said that pressure to move to the cloud creates security risks for their organizations.

The government’s move to cloud computing throughout the Obama administration is moving forward. Numerous efforts, including Cloud First and the FedRAMP security authorization initiative, have been set up to help accelerate that move. And at TITUS we are working with various government agencies to better understand their cloud data security requirements.

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