Coca-Cola is currently dealing with the backlash and expense of a data breach by an employee who stole 55 laptops and compromised 74,000 employee and contractor records. This incident highlights three key elements around laptop loss and data breaches.
- The ability to remotely wipe sensitive data from a laptop is a requirement not a ‘nice to have’ feature for enterprises. Stolen laptops happen to every company and the ability to remotely delete data from a device when it is lost or stolen can save companies millions of dollars. Ponemon Institute estimates that 1 in 10 laptops will be lost or stolen in their life-cycle and estimated the organizational cost at $5.4 million for a data breach. Enterprise customers of every size, shape, and budget will be hit by an employee leaving a laptop in the car for a few minutes and coming back to a massive data breach. Datacastle RED enables enterprises to remotely shred the data on a lost or stolen laptop ensuring that a data breach does not occur.
- Contractors will frequently have critical information with no IT safe-guards to protect from a data breach. World-class companies with great IT teams frequently have a gap when it comes to dealing with contractors. Contractors often get access to key information and that do not need to follow all the guidelines of full-time employees because they are using their personal laptop which is not owned by the enterprise. Contractors having unprotected data stolen from a laptop have exposed thousands of sensitive patient records at the Veteran’s Administration, Stanford Children’s Hospital, and Howard University Hospital. Datacastle RED enables enterprises to segment their critical data on any laptop for backup or deletion without accessing a contractor’s personal information on a laptop. With Datacastle RED the ability to remotely delete data from a device is possible no matter the scenario.
- Trust with employee/customer data is a key element for brands moving forward. Recent data breaches clearly show the public is quickly turning on companies that expose their information. Even established and long trusted brands like Target who had a data breach in December have seen dramatic response to exposing their clients’ data by dropping out of the Top 20 brands in the BrandIndex list.
“The fact that Target not only fell out of the top 10 but out of the top 20 is a big deal, especially since the incident only happened in December,” BrandIndex head of client services Lance Fraenkel told CBS MoneyWatch. “This kind of drop isn’t something that happens often.”
Companies like Coca-Cola have smart IT organizations and will address their endpoint data protection needs quickly. Other companies and their IT leadership need to learn from the hard lessons that come from these incidents and get ahead of the curve. Otherwise, these companies are forced to react to similar incidents after the fact. Learn more about how Datacastle RED can help you get ahead of these issues at www.datacastlered.com.