The 2014 Ponemon Institute Cost of Data Breach Study estimates the globally, the average cost of a data breach to a company was $3.5 million, a 15 percent increase over the previous year. The average cost paid for each lost or stolen record containing sensitive and confidential information increased more than 9 percent from $136 in 2013 to $145 in this year’s study.
So then, why would a company potentially increase its security risk by accepting an employee practice to Bring Your Own Device (BYOD)?
Nate Lord, blog and SEO Manager at Digital Guardian, asked a panel of experts, “how can companies keep data secure in a BYOD environment?” in a recent article.
DocStar Executive VP, Jeff Frankel offered the following:
Data breaches do more than financial damage – they do damage to your brand image and reputation making it even more interesting that despite the security risks BYOD poses the trend for allowing BYOD in the workplace continues to grow at a rapid pace.
Read the full article of why companies are so accepting of BYOD in the workplace and what tips other experts on the panel offer regarding policy, mitigating risks, and preventing a breach at Digital Guardian.