There's a predictive relationship between responsible privacy practices and security outcomes, according to Osano
Companies with inadequate data privacy practices are 80 percent more likely to suffer a data breach than those with the highest-ranked privacy practices and will face fines seven times larger than companies with the best scores in the event of a data breach.
- Companies with the lowest privacy scores lost 600% more records than high-scoring companies.
- The worst privacy actors are the least likely to be able to retrospectively identify the root cause of a breach.
- Of the entities that get breached, governments have the worst scores.
- Educational and government websites are 15x more likely to experience a breach than commercial sites.
'In the face of nonstop breaches and increased data security awareness, consumer and shareholder confidence in businesses is slowly eroding. Businesses that fail to protect sensitive data will face serious negative consequences, and the report proves just how these phenomena move hand-in-hand.' said Osano CEO, Arlo Gilbert..."
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