|By PR Newswire||
|November 23, 2012 07:01 AM EST||
Most firms are unable to adequately protect their customers against data breaches.
TORONTO, Nov. 23, 2012 /CNW/ - Recent studies indicate major discrepancies between the perception of privacy protection in Canada and the reality behind the ability of companies to protect personal information. A recent report from Advertising Standards Canada and MacLaren McCann indicates widespread willingness among Canadians to share personal information, with up to 79% exchanging their data to obtain a benefit. Trust in companies is increasing as up to 80% of Canadians believe their personal data is adequately protected. Unfortunately, the privacy landscape in Canada may suffer as a result of a false sense of privacy, according to a privacy professional and author of "Managing Personal Information: Insights on Corporate Risk and Opportunity for Privacy-Savvy Leaders" (Carswell, 2012).
The President and principal Risk Advisor of Toronto-based Informatica Corporation, Claudiu Popa says "we have been watching these studies come in and individually, they offer significant insight into the state of privacy but a cross-sectional analysis reveals a barometric predictor of the impact of personal information breaches over the short to medium term. The picture that emerges is anything but rosy. That's why we felt it was important to write this book" he added. According to the Edelman Privacy Risk Index, 62% of companies say their organization does not possess the expertise or technology to effectively protect personal information. The severity of these implications is underlined by a reported 15% annual increase in the number of companies that suffer from external privacy and security breaches (according to Ernst & Young).
While 73% of Canadians appear to show a surprising lack of concern over the information they submit online, they also indicate that they are aware that their Internet activities are tracked for marketing purposes. The majority are willing to share location data, shopping data and other information used for promotional purposes. The critical factor for Canadian companies is that 72 percent of respondents said they worry about the erosion of personal privacy even as they continue to share information online. In fact, the majority of Canadians do not want companies to share personal information with third parties and would prefer to have control over the shared data. The current study's findings independently support the book's perspectives as it offers solutions to prevent privacy breaches and their costly outcomes.
According to Claudiu Popa "89 percent of Canadians believe that they're already sharing too much information online and they're not hypocrites, they realize that they need to share information to get things done. Three quarters of consumers will abandon a company if information was accessed without permission. It's simply the way the economy, and the world as a whole, work. Unfortunately organizations that haven't yet read the book misinterpret the need of individuals to share information as a willingness to surrender personal details or even a weakness to be capitalized on. This is a dangerous conclusion to draw, and 57% of companies appear to support this view, because they said they do not consider privacy and the protection of personal information to be a corporate priority while 53 percent mistakenly believe that a data breach would not tarnish their reputation. 61% do not even enforce full compliance with laws and regulations."
At an approximate cost of $200 per compromised record, the average per-incident cost to companies has often exceeded $7 million over the past few years and will continue to climb with changes in legislation surrounding mandatory breach notification and anti-spam provisions. Between consumer concern, regulatory enforcement and litigation carving deeply into Canadian privacy operations, there should be no question that companies of all sizes need to place an absolute priority on compliance and enforcement, but it is often the damaging reputational impact and media scrutiny that convince firms to get serious about personal information protection. "Managing Personal Information" offers actionable guidance to enable the proper implementation of privacy programs within Canadian organizations.
"Managing Personal Information" is a uniquely Canadian collaborative effort to improve privacy and security practices at the higher levels of public and private leadership. The book's notable authors provide exclusive new content along with a foreword by the Ontario Information and Privacy Commissioner, Ann Cavoukian.
SOURCE Informatica Corporation - Information Security Management
Video with caption: "Video: Managing Personal Information: Insights on Corporate Risk and Opportunity for Privacy-Savvy Leaders. Carswell, Thomson Reuters 2012. Available from www.PrivacyRisk.ca". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20121123_C2992_VIDEO_EN_21103.mp4&posterurl=http://photos.newswire.ca/images/20121123_C2992_PHOTO_EN_21103.jpg&clientName=Informatica%20Corporation%20%2D%20Information%20Security%20Management&caption=Video%3A%20Managing%20Personal%20Information%3A%20Insights%20on%20Corporate%20Risk%20and%20Opportunity%20for%20Privacy%2DSavvy%20Leaders%2E%20Carswell%2C%20Thomson%20Reuters%202012%2E%20Available%20from%20www%2EPrivacyRisk%2Eca&title=INFORMATICA%20CORPORATION%20%2D%20INFORMATION%20SECURITY%20MANAGEMENT%20%2D%20Canadian%20Companies%20at%20Risk%20of%20Financial%20and%20Reputational%20Damage%20Resulting%20from%20Mismanaged%20Personal%20Information&headline=Canadian%20Companies%20at%20Risk%20of%20Financial%20and%20Reputational%20Damage%20Resulting%20from%20Mismanaged%20Personal%20Information
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 26, 2016 01:30 PM EDT Reads: 3,400
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aug. 26, 2016 01:00 PM EDT Reads: 1,956
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 26, 2016 12:30 PM EDT Reads: 600
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 26, 2016 12:00 PM EDT Reads: 1,891
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 26, 2016 11:45 AM EDT Reads: 641
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 26, 2016 11:45 AM EDT Reads: 572
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 26, 2016 11:30 AM EDT Reads: 549
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 26, 2016 11:20 AM EDT Reads: 292
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Aug. 26, 2016 11:15 AM EDT Reads: 1,859
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 26, 2016 10:45 AM EDT Reads: 518
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Aug. 26, 2016 10:30 AM EDT Reads: 1,574
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 26, 2016 10:15 AM EDT Reads: 3,571
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 26, 2016 09:45 AM EDT Reads: 1,820
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 26, 2016 09:45 AM EDT Reads: 335
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 26, 2016 09:00 AM EDT Reads: 2,227