Centennial Article: Government highlights data loss rises

Government highlights data loss rises

Most UK businesses are failing to encrypt important data, despite incidents of hacking increasing, a new government report warns.

The six-monthly Information Security Breaches Survey reveals that data theft against British firms is continuing to rise and more needs to be done by organisations to improve their IT security.

According to the Department for Business, Enterprise & Regulatory Reform report, around 96 per cent of large companies in Britain have experienced some form of security breach and many are still failing to monitor or log breaches effectively.

Chris Potter, partner at PricewaterhouseCoopers who led the survey, stated: "There are still some fundamental contradictions. Some 79 per cent of businesses believe they have a clear understanding of the security risks they face, but only 48 per cent formally assess those risks."

Company spending on IT security has tripled within the past six years, but many firms are still failing to adopt simple measures that could dramatically improve the security of their data, such as developing documented security policies and encrypting their hard drives.

The UK’s information commissioner has urged companies and the government to do more to protect customers’ data following an "alarming" number of breaches last year.

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Centennial Software (www.centennial-software.com) is a leading developer of asset management and network security solutions with more than five million licenses sold to blue-chip organizations around the world. Centennial's growing portfolio of solutions helps organizations better manage their IT infrastructure, maintain compliance and minimize operational risks. Centennial products are available through a global network of approved resellers and market-leading OEM vendors. The company operates offices in the USA, UK, Germany, Sweden and Australia.

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