[Dataloss] Study: Most Technology Companies Have Data Losses

[lyger]

Courtesy InfoSec News and WK:

http://www.eweek.com/article2/0,1895,1979924,00.asp

By Matt Hines
June 21, 2006

Over half of all companies doing business in the technology, media and
telecommunications sectors have experienced data breaches that
potentially exposed their intellectual property or customer
information, a new research report shows.

According to the report, published by Deloitte Touche Tohmatsu, not
only have many technology providers been hit with the same sorts of
data losses that have recently plagued other industries, but a large
number of the firms have also failed to make sufficient investments in
security technologies aimed at preventing future incidents.

Deloitte researchers said that security has long been "neglected" by
technology, media and telecommunications companies despite their
dependence on digital information to run their businesses.

The consulting company surveyed executives at 150 such companies and
found that even in the face of public embarrassment, financial losses
and potential litigation linked to data breaches, many of the
businesses have yet to make necessary investments to more adequately
protect their information.

[...]