Canada Dashboard Digest

Breaches Illustrate Need for Data Strategy

DATA PROTECTION

May 24, 2013

In a feature for The Globe and Mail, Jonathon Stoller references last month’s Investment Industry Regulatory Organization of Canada (IIROC) breach incident involving the loss of a laptop with the financial data of more than 50,000 individuals, noting, “The breach is a reminder that, as organizations gather more and more data in the digital age, information is getting harder to track and manage.” Stoller suggests key tips for creating a data security strategy, including providing leadership, educating employees, encrypting critical data and having a data retention and destruction policy in place. “Most data breaches are the result of human error: lax passwords, lost mobile devices or unwitting disclosure to a data thief. Even the best technology is no match for a well-educated work force,” he writes.
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