I’ve had a rash of phone calls lately from vendors saying “did you hear?” and using that to leverage their product offering. I can’t blame them. I know they have to make a buck. Here is an article over on “Enterprise Security Today” that points to this boost in sales.

Data breaches leave organizations vulnerable to massive information losses, including confidential client data. Data breaches also open companies to to reputation damage and lawsuits. Data encryption solutions significantly reduce companies’ rates of data breaches. Encryption can mitigate the consequences of a potential data breach.

More than eight out of 10 organizations have suffered at least one breach of data Relevant Products/Services in the last year, and 44 percent have lost data two to five times in the same period, according to new research from the Ponemon Institute.

There’s some good news for companies that have a comprehensive encryption Relevant Products/Services strategy, however. These organizations had significantly lower rates of data breaches.

Data breaches open organizations to reputation damage and lawsuits — witness the recent data loss at grocery-chain Hannaford, where more than 4 million credit- and debit-card numbers were exposed between December 7, 2007, and March 10, 2008, resulting in at least 1,800 stolen, and at least one federal class-action lawsuit.

I’m planning to review a few encryption vendor offerings in the not to distant future.

No, sales folks don’t need to call.

Down boy.

🙂

Article Link

[tags]Laptop Encryption, Encryption, Data Security[/tags]

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