Instead of Crying Over Spilled Data, Shore up Your Governance Practices
When you hear the word “spillage,” most likely, nothing good springs to mind. And when it comes to one of a company’s most valuable assets — the sensitive customer data it processes, collects and manages on a continuous basis — spillage is not a word you want to see flash across your screen.
A recent survey by Microsoft found that 73% of chief information security officers (CISOs) indicated that their organization encountered leaks of sensitive data and data spillage within the past year. And as we’ve come to appreciate, the cost of a data leak extends far beyond the bottom line — from the actual cost of dealing with the leak or fines resulting from compliance failures, to the untold reputational damage a data spill can wreak on your brand.