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As a result, such companies are ten times more likely to become a data breach victim.

That’s according to figures from Thales. Based on research among 3,000 IT professionals worldwide, including 105 from the Netherlands, Thales shares the alarming figures. Of all the companies that failed a compliance audit last year, 31 per cent became victims of a data breach in the same year. Among the group of companies that did pass, the percentage was considerably lower. There, three per cent suffered a data breach.

Only three in ten Dutch organizations can fully classify data. This is useful for organizing data and applying security and risk management measures to it. Remarkably, 18 per cent classify very little or no internal data.

Complexity

The survey finds that 53 per cent of companies use at least five management systems. This is down from 62 per cent the previous year. The average number of systems drops slightly, from 5.6 to 5.4.

Thales sees operational complexity, in particular, as a major stumbling block. The use of multicloud services and changes in privacy and data protection regulations make data sovereignty a first priority for companies. 28 per cent see mandatory external key management as the primary means of achieving sovereignty. Additionally, 39 per cent state that storage location is no longer an issue as long as there is external encryption/key management and segregation of duties.

Tip: Customers trust banking most with personal information