Businesses struggle with data security practices 43% of C-suite executives and 12% of small business owners (SBOs) have experienced a data breach, according to Shred-it. While businesses are getting better at protecting their customers’ personal and sensitive information, their focus on security training and protocols has declined in the last year. This decline could pose issues for businesses, as 83% of consumers say they prefer to do business with companies who prioritize protecting their physical and digital data. The findings reinforce the need for business owners to have data protection policies in place as threats to data security, both physical (including paper documents, laptop computers or external hard drives) and digital (including malware, ransomware and phishing scams), have outpaced efforts and investments to combat them. The report, which was completed prior to COVID-19, also exposes that more focus is needed around information security in the home, where C-suites and SBOs feel the risk of a data breach is higher. While advancements in technology have allowed businesses to move their information to the cloud, only 7% of C-suites and 18% of SBOs operate in a paperless environment. Businesses still consume vast amounts of paper, dispelling the myth of offices going digital and signalling a need for oversight of physical information and data security. 1.1. As the newly named CISO for your company, make an organisational presentation, explain in depth what data security is and explain the three forms of data ownership and their respective responsibilities.
Businesses struggle with data security practices
43% of C-suite executives and 12% of small business owners (SBOs) have experienced a data breach,
according to Shred-it.
While businesses are getting better at protecting their customers’ personal and sensitive information,
their focus on security training and protocols has declined in the last year. This decline could pose
issues for businesses, as 83% of consumers say they prefer to do business with companies who
prioritize protecting their physical and digital data.
The findings reinforce the need for business owners to have data protection policies in place as threats
to data security, both physical (including paper documents, laptop computers or external hard drives)
and digital (including malware, ransomware and phishing scams), have outpaced efforts and
investments to combat them.
The report, which was completed prior to COVID-19, also exposes that more focus is needed around
While advancements in technology have allowed businesses to move their information to the cloud,
only 7% of C-suites and 18% of SBOs operate in a paperless environment. Businesses still consume
vast amounts of paper, dispelling the myth of offices going digital and signalling a need for oversight of
physical information and data security.
1.1. As the newly named CISO for your company, make an organisational presentation, explain
in depth what data security is and explain the three forms of data ownership and their
respective responsibilities.
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