Changes

   <ul>

   <ul>

     <li><b>Operational:</b> A data breach often causes an interruption of services until the investigation process is concluded – this can take weeks or months, costing an organization business or other resources in the meantime. DLP ensures redundancies are put in place to counteract important data losses, thereby avoiding cost to operational resources to remediate lost data.<p class="inline expand mw-collapsible-content"> In 2015, SSC implemented the Directive on the Use of USB and Other External Storage Devices to help manage these sorts of risks. All of SSC’s electronic assets have a DLP software-based tool that monitors the use of unauthorized devices on the network. This prevents removal of data from the SCC system or prevent infecting the system with any malware, viruses or other malicious entities.  A second phase of SSC’s DLP program is in the planning stages and will monitor enterprise data in motion and at rest – this is already in place in terms of secret data, however.</p></li>

     <li><b>Operational:</b> A data breach often causes an interruption of services until the investigation process is concluded – this can take weeks or months, costing an organization business or other resources in the meantime. DLP ensures redundancies are put in place to counteract important data losses, thereby avoiding cost to operational resources to remediate lost data.</li>

  <p class="inline expand mw-collapsible-content"> In 2015, SSC implemented the Directive on the Use of USB and Other External Storage Devices to help manage these sorts of risks. All of SSC’s electronic assets have a DLP software-based tool that monitors the use of unauthorized devices on the network. This prevents removal of data from the SCC system or prevent infecting the system with any malware, viruses or other malicious entities.  A second phase of SSC’s DLP program is in the planning stages and will monitor enterprise data in motion and at rest – this is already in place in terms of secret data, however.</p>

  <ul>

     <li><b>Financial:</b> There are significant financial losses resulting from data breaches, including fines, audit fees and legal expenses. The Ponemon Institute has estimated that the average global cost of a data breach has risen to $3.9 million and $5 million in Canada specifically in a 2018 study. Contrast this to the average annual cost of a subscription based DLP solution of approximately $175,000, according to Forrester.</li>

     <li><b>Financial:</b> There are significant financial losses resulting from data breaches, including fines, audit fees and legal expenses. The Ponemon Institute has estimated that the average global cost of a data breach has risen to $3.9 million and $5 million in Canada specifically in a 2018 study. Contrast this to the average annual cost of a subscription based DLP solution of approximately $175,000, according to Forrester.</li>

    <li class="expand mw-collapsible-content"><b>Reputational:</b> Data losses affect the reputation and damages the brand. Often, organizations will see a drop in their valuation, which results in potential loss of future revenue, their competitive advantage, and their market shares. Consequently, the consumer trust in the organization also experiences a decrease which can have large-scale ramifications in short and long-term revenues. Having a DLP solution helps disassociate the user’s concern for safety and builds clients’ trust.</li>

  <ul class="expand mw-collapsible-content">

    <li><b>Reputational:</b> Data losses affect the reputation and damages the brand. Often, organizations will see a drop in their valuation, which results in potential loss of future revenue, their competitive advantage, and their market shares. Consequently, the consumer trust in the organization also experiences a decrease which can have large-scale ramifications in short and long-term revenues. Having a DLP solution helps disassociate the user’s concern for safety and builds clients’ trust.</li>

   </ul>

   </ul>