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Data Management

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For the reasons explained in this white paper, businesses need to start working towards compliance now. This paper looks at the new data security requirements under the GDPR and provides practical tips on how to prevent a data breach disaster from happening to you and your customers

Almost 1.4 billion data records compromised in 2016 as hackers targeted large-scale databases across industries 

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today released the findings of the Breach Level Index revealing that 1,792 data breaches led to almost 1.4 billion data records being compromised worldwide during 2016, an increase of 86% compared to 2015. Identity theft was the leading type of data breach in 2016, accounting for 59% of all data breaches. In addition, 52% of the data breaches in 2016 did not disclose the number of compromised records at the time they were reported.

According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in cloud environments will increase by 18.2% in 2017 to reach $44.2 billion. Of this amount, the majority (61.2%) will be done by public cloud datacenters, while off-premises private cloud environments will contribute 14.6% of spending. With increasing adoption of private and hybrid cloud strategies within corporate datacenters, spending on IT infrastructure for on-premises private cloud deployments will growth at 16.6%. In comparison, spending on traditional, non-cloud, IT infrastructure will decline by 3.3% in 2017 but will still account for the largest share (57.1%) of end user spending. (Note: All figures above exclude double counting between server and storage.)

UK organisations that have a well-defined data strategy reported their company's financial performance as substantially ahead of peers in the most recent financial year. The findings emerged from research entitled 'Big data: Forging corporate capabilities for the long-term', a SAS research programme based on a survey conducted by The Economist Intelligence Unit.

Kroll Ontrack today published the results of its Data Loss Index (DLI) which summarises data loss causes captured through its free and anonymous Self-Assessment Tool. During the period of October to December 2016, Kroll Ontrack received 1,348 entries from 43 countries. By far the most identified culprit of data loss (nearly 36 per cent) was undetected storage media, with dropped devices the second most popular reason (almost 13 per cent) and the device was not powering up taking just under 10 per cent of entries.

Tripwire, Inc., a leading global provider of security and compliance solutions for enterprises and industrial organizations, today announced the results of an extensive Tripwire study conducted by Dimensional Research. The study evaluated key challenges that organizations must address in order to optimize their cyber security and compliance programs. Study respondents included over 500 IT security professionals.

April 5, 2016 - The International Consortium of Investigative Journalists used Neo4j, the world's leading graph database technology, to unearth what's hailed as the world's biggest- ever financial leak story.

Software AG (Frankfurt TecDAX: SOW) today released its top five predictions for the banking industry. Laura Crozier, CFA, global industry director, Banking, of Software AG noted: “There will be some seismic shifts in the banking industry in 2017 as threats and opportunities from digital banks, fintechs and regulation continue to shake up the landscape.”

A failure to grasp how data is used across the business is one of the most common barriers facing large enterprises today, according to a new whitepaper published by GoldenSource.

March 14, 2016 - Results of a new survey of investment management firms reveals that senior management teams are lagging in their use of data for strategic decision-making, resulting in missed business opportunities.

While data breaches destroy customer confidence, impact revenues, attract large regulatory fines and cost C-levels their jobs, 76% of data security professionals believe in the maturity of their data security strategy, according to a new study. Despite heavy investments in a variety of data security tools as part of their strategy, 93% report persistent technical challenges in protecting data.

Research has revealed that more than two-thirds of data management leaders say they have an effective data strategy and an effective approach to data cleansing and analytics, compared to around 10 per cent of laggards. However, there are as many laggards as leaders across most industries, revealing how many companies are falling short in data management. With research from CEBR[i] showing that the value to the UK economy of big data analytics and the Internet of Things combined could accumulate to £322 billion between 2015 and 2020, organisations are urgently seeking ways to overcome growing volumes and varieties of data to exploit its full potential.

March 1, 2016 - INDATA, leading industry provider of software, technology and services for buy-side firms, today announced the top buy-side priorities for data management and trading following a survey conducted at its 2016 User Conference held on February 24-26 in Las Vegas, Nevada. The survey consisted of a variety of US and UK investment management firms including institutional, private client and wealth management.

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