E-commerce: Industry risks financial penalties for breaching data protection
Brokers and insurers are exposing themselves to regulatory fines for not organising their data storage properly, a new study has claimed.
Industry analyst Quocirca found that only half of financial services organisations, with a large section of those questioned being brokers and insurers, had a system in place that was able to identify and classify different types of data - meaning they could not tell whether an outgoing email contained sensitive information.
Furthermore, it showed that just 25% had deployed any form of data loss prevention software.
Senior analyst at Quocirca, Bob Tarzey, said the findings were puzzling given
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