With Great Amounts of Data Comes Great Responsibility
Data loss prevention: It's come to be one of the terms that we have become unusually familiar with. Data loss prevention isn't about the outright cessation of the loss of personal records; it's about reducing the risk to an acceptable level. There isn't a quadrant in health, finance, construction or any other sector that doesn't have some measure of risk. When the frequency and cost of data breaches outweigh other security concerns, it is time to reassess the risks.
If we take a look at 2008, we can clearly see that it was a year of unprecedented events. From a security perspective, let's look at data breaches. The amount of records containing sensitive personal information that were involved in data breaches (in the U.S.) in the last three years also falls under the "unprecedented" category -- approximately 250 million records. Last year alone, 38 million records accounted for part of that number. In 2007, there were over 127 million records involved in data breaches.
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With respect to data loss, increasing penalties as well as increased transparency, or at least opaqueness (limited transparency), are two paths that have been cited time and again in regard to increasing corporate responsibility.
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