Thursday, January 8, 2015

Why failing to follow procedure, accidental data loss is as costly as recovering Data

A Surrey hospital, in the UK, found out the hard way that forgetting to check computer hard drives before destroying the machines cost hospital stall hundreds of thousands of pounds. Hospital workers failed to check that sensitive data was erased from several machines before they were sold to a company. It may be a common tale. The company was supposed to destroy the computers. But, the machines were instead sold to customers. With hundreds of files found per drive on three machines, the hospital was fined for failing to properly destroy sensitive patient information.

Data breaches, such as the one experienced by the Surrey hospital could have been avoided if employees had taken time to verify sensitive data had been destroyed from all computers. However, a data breach can be just as expensive as is data lost due to hackers.  Though companies may not have seemed to have lost much because of a breach, they may lose more than they think.

How a breach damages a company Long-term in the UK and Ireland

If a company doesn’t have to pay a fine for disregarding patient confidentiality laws, the damage caused by a data breach is still evident. A UK watchdog brought up serious questions for eBay UK, after it was revealed 145 million customers’ sensitive data may have been affected. UK and Ireland businesses must act fast to stem the damage from a data breach. For instance, having a cyber crime prevention assessment (or an assessment of safety procedures for the Surrey hospital) may have helped minimise the loss after a data breach.

Customers want to know their private information is secure, but they also companies to move swiftly to eliminate the problem in the event of a data breach. After a data breach, the companies which recover best are the ones that take quick action following a breach and data loss. Customers are more likely to forgive when they see a company working to build a stronger security force, details of a  breach are not kept from customers, and letting customers know what steps are going take to fix a security after a breach.

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