Encryption can help prevent customer exodus and embarrassing headlines.
The mikes were fired up and the dials set to ten as we readied ourselvesfor a transatlantic link-up in April. This time, the SC webcast panelfocused on the business implications of data breaches.
We were joined by two internationally renowned experts on data securityand encryption techniques. Larry Ponemon, founder and chairman of ThePonemon Institute, and Kevin Bocek, product marketing manager, PGPCorporation formed a unique double act as they went through the findingsof The Ponemon Institute's 2006 Annual Study: The Cost of a DataBreach.
The study summarises the actual expense incurred by 31 organisationsafter a data breach, including the average cost per compromised recordand the impact a breach has on consumers.
The webcast provided an exclusive insight into the overall recoveryprocess, 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 ofdata breaches on both sides of the Atlantic hit new highs. This contextgave the webcast an extra frission as the speakers could point toreal-world events and advise listeners on avoiding similarconsequences.
A key part of strategies under discussion was the importance ofencryption, particularly applied to data held offsite.
If you missed the original webcast, a full transcript is available fordownload at www.scmagazine.com/uk/events.