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.