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CA Canada Found Alarming Facts About Corporate Data Loss

Consumers and IT security experts in Canada feel that organizations are not taking necessary steps to safeguard personal data.

In a survey conducted by CA Canada, it was indicated that over 20% companies reported a leakage of private information due to security breaches and attacks, rose above the 10% level in 2006.

The number of enterprises reporting intellectual property leakage has also risen two-fold from a rate of 8% in 2006 to 16% in 2008. The study surveyed 200 senior IT officials in a sample of leading Canadian enterprises.

Commenting on the results of the poll, James Quin, Senior Security Analyst at Info-Tech Research Group, based in London, Ontario, said that the survey's results surprised him, and he attributed rise to the growing professionalism in the community of cyber criminals, as reported by itbusiness.ca on June 6, 2008.

Quin also said that malware particularly viruses are waning in severity, while targeted attacks are getting more severe.

Info-Tech further added that business organizations are continuously facing high volumes of spam attacks on their computer networks, and thus required to adopt managed services from outside to tackle the challenges of this threat.

Meanwhile, according to Renee Lalonde, the Regional Vice President at CA Canada, the findings of the survey suggest that the end results of the security breaches do increasingly losses of tangible assets and dollars, as reported by itbusiness.ca on June 6, 2008.

Lalonde added that security breaches inside the organizations could be the more dangerous as they directly attacked the companies' efforts to safeguard transaction and customer data.

Meanwhile, the Canadian Association of Police Boards (CAPB) undertook a similar poll in May 2008 found that cyber crime was fast becoming the top level crime in Canada with criminals tricking online consumers through spamming, phishing and other scams.

Furthermore, following CA Canada's survey, other security analysts and experts are recommending that the optimum solution to overcome phishing, spam, online ID thefts, trojans and other malware is for companies to have a security model that would help to constantly guard their information base.

Related article: CA Forecasts Major Targets For Online Crime in 2008

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