Even if leaked data is never used to commit fraud or used for identity theft, data breaches can cost companies millions of dollars and a great deal of trust among customers and partners. Within a couple of years, all financial organizations will have to take data leakage prevention very seriously.
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Data leakage prevention (DLP) is a topic that has been getting a lot of attention lately. Keeping sensitive data from leaving the network has quickly risen to the top of many IT and compliance officers' lists of priorities.
DLP will likely be the first thing most organizations spend their 2010 information security budgets on.
The Problem
Any time sensitive data gets into the hands nonauthorized individuals, it can constitute a data security breach. Malicious employees may take and use sensitive customer or employee information to commit fraud, identity theft or sell to others for quick, easy money. Careless and untrained employees also make mistakes that lead to breaches.
All data security breaches must be publicly disclosed, which often leads to negative public perception, loss of customers, expensive damage control, class-action lawsuits, and more.
Data breaches can cost companies million of dollars, even if the data is never used to commit fraud or used for identity theft. technewsworld
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