|By Business Wire||
|July 8, 2014 08:09 AM EDT||
A new study looking at the information security habits of Canadian c-suite executives and small business owners reveals that business leaders are becoming increasingly complacent. While Canadians are more aware of information security risks than ever before, Shred-it’s 4th Annual Security Tracker shows business leaders have taken little to no action to decrease risk of reputational damage or disruption to their business operations.
According to the study conducted by Ipsos Reid, small business owners are more aware today than they were in 2013 of the legal requirements concerning confidential data in their industry. Yet, for the second year in a row, only 46 per cent acknowledge having a protocol for storing and disposing of confidential data that is strictly adhered to by all employees, and 31 per cent admit to having no protocol in place whatsoever. Further, only 12 per cent of those surveyed admit to having both a locked container and a professional shredding service.
C-suite respondents share similar views to small business owners as it relates to information security. Only 42 per cent of c-suite executives admit to having a protocol in place for storing and disposing of confidential data that is strictly adhered to by all employees, and only half concede to having a locked container and a professional shredding service. The study also found that 10 per cent of c-suite respondents admit to throwing out sensitive documents without shredding them, a number which has risen significantly since last year.
“Organizations need to do more to ensure the safety of their confidential physical documents and digital data. Prioritizing information security by implementing policies and protocols that address all types of confidential information will decrease business risk,” said Bruce Andrew, Executive Vice President at Shred-it. “When you factor in the cost of recouping damages from a security breach, not to mention the reputational damage they can cause, it is increasingly necessary that business leaders educate themselves and action on best practices in information security.”
The security tracker also revealed that 63 per cent of small business owners have no cyber security policy in place for destroying digital assets, and almost half of small business owners surveyed have never disposed of hardware containing confidential information. When compared to the 33 per cent of c-suite executives who acknowledged having no cyber-security policy in place, it is clear there is plenty of room for improvement.
Canadian organizations are not alone in their battle to protect information and safeguard against digital data breaches. The Privacy Commissioner and Industry Canada have implemented legislation to govern how the private sector collects, uses and discloses personal information. That said, when grading the government’s response to information security, only 55 per cent of c-suite executives give the Canadian government a passing mark, suggesting the other half of respondents would like to see improvements.
“At Shred-it we assist businesses and federal government agencies in meeting compliance requirements brought forth by the Privacy Commissioner. We believe the government has done an excellent job focusing on the safety and security of individuals as part of its national security agenda,” says Andrew. “The secure destruction of confidential information is our top priority and we will continue to advocate for compliance education in Canada.”
Shred-it offers the following suggestions to help business leaders protect confidential information and begin establishing a culture of security:
- Demonstrate a top-down commitment from management to the total security of your business and customer information
- Implement formal information security policies; train your employees to know the policies well and follow them strictly
- Eliminate potential risk by introducing a “shred-all” policy; remove the decision-making process regarding what is and isn’t confidential
- Conduct a periodic information security audit
- Introduce special locked containers instead of traditional recycling bins for disposing of confidential documents
- Don’t overlook hard drives on computers or photocopiers. Erasing hard drives does not mean data is destroyed. Physical hard drive destruction is proven to be the only 100% secure way to destroy data from hard drives
Shred-it is a world-leading information security company providing information destruction services that ensure the security and integrity of our clients' private information. The company operates in 140 markets throughout 18 countries worldwide, servicing more than 300,000 global, national and local businesses. For more information, please visit www.shredit.com.
About Ipsos Reid:
Ipsos Reid is Canada's market intelligence leader, the country's leading provider of public opinion research, and research partner for loyalty and forecasting and modeling insights. With operations in eight cities, Ipsos Reid employs more than 600 research professionals and support staff in Canada. The company has the biggest network of telephone call centres in the country, as well as the largest pre-recruited household and online panels. Ipsos Reid's marketing research and public affairs practices offer the premier suite of research vehicles in Canada, all of which provide clients with actionable and relevant information. Staffed with seasoned research consultants with extensive industry-specific backgrounds, Ipsos Reid offers syndicated information or custom solutions across key sectors of the Canadian economy, including consumer packaged goods, financial services, automotive, retail, and technology & telecommunications. Ipsos Reid is an Ipsos company, a leading global survey-based market research group. To learn more, visit www.ipsos.ca.
About the 2014 Security Tracker:
Ipsos Reid conducted a quantitative online survey of two distinct sample groups: small business owners in Canada (n=1,006), and C-suite executives working for businesses in Canada with a minimum of 100 employees (n=100). This survey is considered accurate to within 3.5 percentage points had all small business owners been surveyed and to within 11.2 percentage points had all C-suites been surveyed. The fieldwork was conducted between April 28 and May 5, 2014.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 28, 2015 01:00 PM EST Reads: 467
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Nov. 28, 2015 12:00 PM EST Reads: 546
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 28, 2015 12:00 PM EST Reads: 227
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 28, 2015 12:00 PM EST Reads: 329
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Nov. 28, 2015 11:45 AM EST Reads: 398
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Nov. 28, 2015 11:15 AM EST Reads: 410
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 28, 2015 11:00 AM EST Reads: 509
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 28, 2015 10:30 AM EST Reads: 307
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Nov. 28, 2015 10:15 AM EST Reads: 241
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 28, 2015 10:00 AM EST Reads: 185
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Nov. 28, 2015 10:00 AM EST Reads: 392
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Nov. 28, 2015 09:00 AM EST Reads: 176
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Nov. 28, 2015 08:45 AM EST Reads: 433
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Nov. 28, 2015 08:45 AM EST Reads: 331
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
Nov. 28, 2015 07:45 AM EST Reads: 208