Encryption can help prevent customer exodus and embarrassing headlines.
The mikes were fired up and the dials set to ten as we readied ourselves
for a transatlantic link-up in April. This time, the SC webcast panel
focused on the business implications of data breaches.
We were joined by two internationally renowned experts on data security
and encryption techniques. Larry Ponemon, founder and chairman of The
Ponemon Institute, and Kevin Bocek, product marketing manager, PGP
Corporation formed a unique double act as they went through the findings
of The Ponemon Institute's 2006 Annual Study: The Cost of a Data
Breach.
The study summarises the actual expense incurred by 31 organisations
after a data breach, including the average cost per compromised record
and the impact a breach has on consumers.
The webcast provided an exclusive insight into the overall recovery
process, the primary cause of data breaches, and how organisations can,
and should, reduce the impact of any confidential data loss.
The webcast proved extremely topical, going out as media coverage of
data breaches on both sides of the Atlantic hit new highs. This context
gave the webcast an extra frission as the speakers could point to
real-world events and advise listeners on avoiding similar
consequences.
A key part of strategies under discussion was the importance of
encryption, particularly applied to data held offsite.
If you missed the original webcast, a full transcript is available for
download at www.scmagazine.com/uk/events.