Data loss protection systems needed now, claim experts
By Chris Taylor
05/04/2011
Businesses who aren't early adopters of data loss prevention (DLP) technology could risk losing everything, according to a research firm.
Ovum, an independent technology analyst firm, found that DLP technology take up is slow, by comparison to other network security measures, Computer Weekly reports.
They estimate that the DLP market will be worth $832m (£512.6m) globally by 2015, up from $458m (£282.2m) in 2009. In contrast, IT network security will be have boomed with revenues of $6.5b (£4b) in 2015.
Experts warn that the risks of not introducing data loss protection measures could be extremely costly to businesses. Network security alone is not an adequate prevention.
Andy Kellett, Ovum analyst, commented on the findings, saying: "Both public and private sector organizations have compelling reasons to protect their sensitive data, such as the potential for financial losses and regulatory requirements."
"DLP solutions are widely available but, despite this, enterprise take-up levels remain relatively low," he said.
Mr Kellet dispels any myths that DLP technology is complex to deploy and support, or expensive to operate. Firms can easily consult experts who can help them keep data safe and set up automated IT management software that is effective if used as part of a rigorous IT policy.
In the future, there could even be regulatory requirements to enforce DLP, Business World Online reports.
Mr Kellet said that organisations of all types and sizes must make better provision for protecting the sensitive data that they work with, maintain and store.
"Organisations may not be certain about where all sensitive data is held, but will normally know what their most valuable data assets are," he continued.
"These are the areas for prioritisation and should be the first stage of the DLP project."
