Securing Sensitive Data
Satya Sachdeva
Senior Principal
Knightsbridge Solutions
Within the past five years, cases of identify theft have risen steadily. According to a Gartner Group study, more than three percent of U.S. consumers were victims of identity theft during the 12 months ending June 2003. Information is now used as a currency for committing crimes.
Beyond impacting consumers, the crime also affects businesses in a big way. In addition to the direct loses as a result of fraudulent charges, firms lose stock value, brand equity and above all lose of customer trust. They could also be the target of class action law suit if data stolen from the firms leads to cases of identity theft. Compromised firms have historically lost an average of two percent of their market value within two days of a data security breach.
How can companies protect and secure sensitive data? This presentation will cover an overall approach to:
- Inventory and categorize sensitive data
- Identify all the touch points
- Define vulnerabilities and risks
- Describe various options to mitigate the security risks
The attendees will learn a methodology and framework to tackle this complex problem. They will also learn the best practices and options around data encryptions and anonymization.
Who should attend?
- Data Management professionals
- Data warehouse Managers
- Information Security Professionals
Comments (1)
Satya Sachdeva said
at 5:27 am on May 1, 2006
Theft of sensitive data is a serious issue and can cause havoc to both consumers and businesses. Both have to make concerted efforts to prevent data theft. While data theft could result in direct financial losses, legal hassles and impaired credit history for the consumer, it results in even greater damage to businesses through loss of market value, erosion of brand equity, loss of trust, legal costs, direct financial losses and hefty fines by regulators.
Businesses face a daunting task to prevent data theft due to its ubiquitous nature. They need to follow a systematic approach to optimize the limited resources at their disposal to maximize the return on investment.
The presentation helped attendees learn a framework to identify vulnerable touch points, and assess risk before deciding on an optimum solution for each vulnerability.
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