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One To One Collaboration Servers & Security Business

March 20, 2006

The High Cost Of Data Loss



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Page 1 of 5


Contents
, by Paul McDougall
, by Elena Malykhina
, by Larry Greenemeier
, by Marianne Kolbasuk McGee
Timeline: Mistakes Galore


How many ways are there to expose sensitive personal data? One company misplaces a backup tape; another puts customers' Social Security numbers onto mailing labels for anyone to see. Others lose laptops, inadvertently post private information online, or leave documents exposed to prying eyes. The possibilities are endless-- as we're learning with every new revelation of a data breach or hack or inexcusable lapse in secure business practices. By one estimate, 53 million people--including consumers, employees, students, and patients--have had data about themselves exposed over the past 13 months.

This sorry state of affairs is taking its toll: fines, lawsuits, firings, damaged reputations, spooked customers, credit card fraud, a regulatory crackdown, and the expense of fixing what's broken. The situation has become untenable. Here's the ugly truth about how it keeps happening, who's been affected, and what's being done about it.

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Page 2: The Losers


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