Welcome!

Cloud Security Authors: Liz McMillan, Elizabeth White, Pat Romanski, Zakia Bouachraoui, Yeshim Deniz

Related Topics: Cloud Security

News Feed Item

Massive Data Breaches Continue Unabated, Yet Businesses Neglect Proper Security Measures

Law Firm Robinson & Cole LLP, and Becrypt Launch Whitepaper, "The Legal Risks of Data Loss in the United States" to Help Companies Maintain a Sound Data Security Plan

ANNAPOLIS, MD -- (Marketwire) -- 05/21/09 -- Becrypt, a leading supplier of enterprise data security solutions, announced today the launch of a whitepaper titled, "The Legal Risks of Data Loss in the United States." Written by Robinson & Cole LLP, a law firm serving the legal interests of clients throughout the world, and commissioned by Becrypt, the whitepaper is designed to provide business owners and IT security personnel with an in-depth look at the realities of a data breach and how they can avoid falling victim to such an event. Specifically, the paper explores the many risks associated with losing data and other valuable and confidential information, presents an overview of relevant U.S. state and federal legislation, and offers best practices and guidance for companies to protect against data theft and loss.

"Businesses are increasingly becoming more accountable for protecting individuals' sensitive information," said Steven Bessellieu, CEO, Becrypt, Inc. "While this is great news for individuals, it often leaves businesses unsure of how exactly to comply with a new regulation or mandate. We developed this whitepaper with Robinson & Cole to help business owners faced with that dilemma and to alert them of the many consequences if they don't properly comply."

Despite the many massive breaches that make national headlines daily, companies still often do not take the necessary security measures to protect against them. The State of Oklahoma Department of Human Services experienced this first hand when a laptop was stolen last month from the car of an agency employee. The laptop held more than one million residents' names, addresses, home phone numbers and Social Security numbers -- all of which were unencrypted. While incidents like this are bound to happen, companies can effectively protect themselves by preparing beforehand. In this case, if the information was encrypted, it could have potentially saved the department from further unnecessary scrutiny, the cost to remediate the situation, and the public relations nightmare that typically follows.

The incident at the State of Oklahoma Department of Human Services is just one of many breaches highlighted in the whitepaper that show the numerous ways businesses can be exposed to risk. While this event resulted from a lost laptop, disgruntled employees, carelessness and hacking are other common avenues for data theft. In addition to outlining particular incidents, this whitepaper also discusses state and industry-specific laws, such as The Health Insurance Portability and Accountability Act of 1996 ("HIPAA") and The Gramm-Leach-Bliley Act ("GLB"), and highlights 10 simple steps businesses can take to put a security plan into action.

"When people think of a data breach, they almost automatically think of personal and confidential information being exposed, but often proprietary company information is also put at risk," said Kathleen Porter, partner, Robinson & Cole LLP. "Combined with the average cost of a data breach, which the Ponemon Institute estimates is $202 per individual record lost, such an event could put a small to medium-sized company out of business."

For more information on Becrypt or to view the whitepaper, visit https://www.becrypt.com/americas/Downloads/Whitepaper-Download/

About Becrypt

Becrypt is a global leading supplier of innovative Information Assurance solutions and services, providing secure, feature rich, out of the box products that are government-certified and suitable for all industry sectors.

Becrypt is the largest supplier of encryption technology to the UK Government, Ministry of Defence and UK Police.

Becrypt plays a leading role in the Information Assurance industry through membership and participation in the Trusted Computing Group (TCG) and the Organization for the Advancement of Structured Information Standards (OASIS) where the company sits on the Key Management Interoperability Protocol (KMIP) committee. In addition, Becrypt currently chairs the Crypto Developers Forum (UK). Through technology and OEM partnerships the company enables third-party solutions with encryption and other data security capabilities.

Becrypt has offices in Annapolis, Maryland, USA, London, UK and Sydney, Australia serving clients worldwide.

For more information please visit: www.Becrypt.com, email [email protected], or call: (800) 775-0416.

About Robinson & Cole's Technology & Data Security Practice

Offering comprehensive legal and business experience in transactional, regulatory and litigation matters, our practice serves vendors of technology and technology-enabled products and services around the world. Our global reputation as a market leader in protecting the North American legal interests of software suppliers, system integrators and professional services organizations is earned from nearly 30 years of experience helping technology clients achieve their strategic, financial and operational goals while protecting their valuable intellectual property. For more information, please contact partners Kathleen M. Porter at [email protected], Richard Green at [email protected] or attorney Benjamin Goldberg at [email protected] or visit www.rc.com.

Media contact:
Juliana Allen
March Communications
Tel: 617-960-9880
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...