For many organisations, adhering to The Data Protection Act, is a real challenge. According to the 2015 Information Security Breaches Survey, 90% of large organisations had a security breach, costing up to £3.14m. In addition, 59% of businesses expect the number of security incidents to increase next year.
With its right guiding principles, the Act makes securing your information a legal requirement, stating: “Appropriate technical and organisational measures shall be taken against unauthorised or unlawful processing of personal data and against accidental loss or destruction of, or damage to, personal data.” Furthermore, you cannot transfer data to a country or territory outside of the European Economic Area, which makes retaining visibility and control over your information essential.
The consequences of a data breach
Compliance isn’t just a good idea, it’s a fundamental requirement for success.
The Information Commissioners Office is tasked with enforcing The Data Protection Act and has the power to issue monetary penalties of up to £500,000, or prosecute companies that commit criminal offences under the Act. Furthermore, research from the Ponemon Institute shows that the total cost of data breaches has risen by 23% over the last two years.
A Forbes Insights report states that 46% of organisations suffered damage to their reputations and brand value as a result of a cyber-security breach. But even after the breach has been rectified, data from the Ponemon Institute shows that 54% of companies believe it can take 10 months to 2 years to restore a company’s reputation following a breach of customer data.
The ultimate penalty is the loss of your business. According to The Department of Trade and Industry, 70% of UK businesses that suffer a catastrophic data loss close within 18 months, and the London Chamber of Commerce and Industry also said that 43% of companies experiencing disasters never recover.
So how can you ensure your data is protected at all times to secure the future of your organisation?
Data Fabric: providing the data choice and control you need
Data Fabric, enabled by NetApp, provides a platform that you can manage data and enforce policies from, across a range of cloud service providers. It enables you to protect and recover your data by maintaining stewardship of your information across all cloud resources, and realising the economics of backup to the cloud.
Trust Data Fabric with your information security because it:
• Leverages hybrid-cloud to ensure your data is covered by your in-house policies.
• Protects data in transmission by encrypting it and keeping it behind firewalls at all times.
• Ensures your data is available, when and where you need it.
• Scales your data protection across applications, virtual infrastructures and cloud.
• Re-uses your data protection copies and leverages your investment in DR infrastructure.
• Allows data archiving, either on-premises or in the cloud.
• Provides a compliance solution that meets stringent data protection regulations.
Discover more about how Data Fabric helps you to leverage hybrid-cloud for data protection.