[Dataloss] The High Cost Of Data Loss

lyger lyger at attrition.org
Tue Mar 21 20:52:40 EST 2006


(I find the "Top 10 Customer Data-Loss Incidents" chart to be of special 
interest due to possible omissions.  Comments? - Lyger)

http://www.informationweek.com/story/showArticle.jhtml?articleID=183700367

How many ways are there to expose sensitive personal data? One company 
misplaces a backup tape; another puts customers' Social Security numbers 
onto mailing labels for anyone to see. Others lose laptops, inadvertently 
post private information online, or leave documents exposed to prying 
eyes. The possibilities are endless-- as we're learning with every new 
revelation of a data breach or hack or inexcusable lapse in secure 
business practices. By one estimate, 53 million people--including 
consumers, employees, students, and patients--have had data about 
themselves exposed over the past 13 months.

This sorry state of affairs is taking its toll: fines, lawsuits, firings, 
damaged reputations, spooked customers, credit card fraud, a regulatory 
crackdown, and the expense of fixing what's broken. The situation has 
become untenable. Here's the ugly truth about how it keeps happening, 
who's been affected, and what's being done about it.

[...]


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