Data is of incredible value to our organizations. The more we have, the more we can discover about our customers and our market. The more we know about these, the more we can fine tune our products and services to meet their precise needs. Of course that data doesn't just have a value to our own organizations, it also has a value to others, and that is why we need to make sure it is protected.
Over the last few years we've seen some big organizations receive fines of tens of millions of dollars as a result of a data breach, and we've also seen them suffer severe reputational losses. When the General Data Protection Regulations come into force next May, the potential for large fines will increase further for any organization that holds data on EU citizens.
It is important that organizations have processes in place to protect their data, and processes in place to be able to respond in the event of a breach. The BCI has now begun a new study, conducted in collaboration with Mimecast, that seeks to discover the attitudes, behaviours and business continuity arrangements in place related to information security.
Please do support this study by taking a few minutes to complete the survey, it should only take about ten minutes, and each respondent will be in with a chance of winning a £100 Amazon gift card.