Companies do not realise the value of their data

Many companies do not realise the value of their data until they no longer have it, it has been claimed.

Greg Day, EMEA security chief technology officer and director of security strategy at Symantec, believes too many companies take IT security for granted and it isn't until they have suffered a breach that realise both importance of the data and the need to protect it.

"All too often businesses are the last to know they have lost data, as normally it's a copy taken or left behind - but with duplicates in the business the loss is often missed," he said.

"This information is often over–looked because it’s on a computer and, as most businesses are unable to put a value on this 'other' data, they often don’t understand its commercial value."

His comments come in the same week in which Alex Fidgen, director of MWR InfoSecurity, said that firms often lack the basic understanding needed to protect against risks effectively.

Breaking news from ihotdesk, IT Security Solutions in London

Posted by Louise Tate