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Securing sensitive data

More and more companies are embracing digital transformation which means the threats of sensitive customer data being stolen is intensifying. Security, accountability and the responsibility attached to a failure is the reason that so much current legislative attention is focused on mandatory breach reporting and data sovereignty.

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Fewer than three in five (57%) ITDM respondents report that all of their organization’s sensitive data is secure, while only just over half (54%) know where all their organization’s sensitive data is stored. In addition, it is only four in ten (40%) who carry out all procedures in line with government legislation and it’s just under a third (32%) who state that they carry out all procedures in line with data protection laws.

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Consumers are right to be concerned; only around four in ten (41%) consumer respondents feel that financial institutes keep all of their sensitive data secure, while even fewer say the same when it comes to healthcare organizations (25%) and the government (24%). Furthermore, over a quarter (28%) feel that their data might not be secure within social media and entertainment organizations.

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