The best way to avoid data breach fines is to make sure everyone in the business is aware of the consequences of lost data. Chloe Green of Information Age recently consulted with Absolute Software’s data relation advisor, Jonathan Armstrong, to write a post on “The three steps to dodging the dreaded data fine.” As the article notes, the current mobility environment, fuelled by the BYOD movement, has led GRC (Governance, Risk and Compliance) to be one of the biggest issues facing companies at the moment, whether they know it or not.
Under the Data Protection Act 1998 in the UK, businesses that suffer a loss of personal data can be fined by the Information Commissioner’s Office (ICO) up to £500,000 or, in extreme cases, send individuals to prison. 654 prosecutions have commenced in the last 6 years. Despite these dire consequences, our own survey reveals that 71% of employees in the UK put a low value on their phone’s corporate data, rating it as worth less than ₤300. Employees simply don’t believe data security is their problem or is a big deal.
In order to secure corporate data, organizations need to take a holistic approach to security consisting of:
For more about each of these three basic elements, read the full article on Information Age. Business mobility can have many benefits, if these three prongs are in place to support it. When the technology you use allows you to persistently track, manage and secure all devices used for work, and the data on them, businesses can leverage the best that mobility has to offer. Absolute Software is the only company that can offer this persistence. Learn more at Absolute.com