Thought Leadership
Initiative Background
Getting Control of Document Flow
Exploring Exposure and Risk In Document-Related Data Breaches
In today’s connected, Internet-enabled world, the potential for theft and exposure of sensitive data and information to unauthorized parties is an area of critical danger and vulnerability. This rising security threat doesn’t only come from malicious outsiders infiltrating corporate IT systems. It also, very frequently, comes from people within an organization who by accident or intent release sensitive information, often in the form of documents. Employees themselves continue to be the #1 cause of security-related incidents.
In fact, according to a 2015 Data Breach Industry Forecast by Experian, 59 percent of security incidents in the last year could be attributed to employees, either due to human error and malicious intent. According to another recent study, 90 percent of U.S. organizations have experienced leaks of sensitive information via documents in the last 12 months. Indeed, one of the most infamous security breaches since the beginning of the 21st Century was the 2010 transfer of classified documents by Army Private Bradley Manning to the website Wikileaks.
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Facts & Stats
For companies that did experience a data breach in the last year (31%), 48% say it was the user who exposed data intentionally or accidentally from a cloud service. (Source)
Research shows that there have been 2,928 publicly disclosed attacks so far in 2016 involving greater than 2.2 billion records in total. (Source)
Addressing the document disconnect can provide exceptional benefits in terms of reduced cost and risk. Line-of-business leaders we surveyed estimate that fully addressing the gaps in their departmental document processes could yield a 36% increase in revenue, 30% reduction in cost, and 23% reduction in business/compliance risk. (Source)
53% of small business have reinevnted their business to “stay afloat or competitive” in the last two years. (Source)
IDC estimates that the typical enterprise with 1,000 knowledge workers wastes $2.5 million to $3.5 million per year searching for nonexistent information, failing to find existing information, or recreating information that can’t be found. (Source)
Articles
October 13, 2022 – Poor Document Management Often to Blame for Compromised Sensitive Information
ITProPortal
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October 13, 2022 – Hacker Steals at Least 58 Million Personal Records From Data Management Firm
Digital Trends
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October 12, 2022 – Study: Hackers Target Private Information in Document Files
Top Tech News
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October 12, 2022 – Employee Errors Cause Most Data Breach Incidents in Cyber Attacks
PR Newswire
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October 11, 2022 – A Breach Alone Means Liability
NetworkWorld
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White Papers
Document Management Return on Investment
Edge Systems
While it may seem obvious in general terms that a managed document environment would provide significant benefits, justification in clear-cut financial and competitive terms is less clear. This whitepaper provides a road map for clarifying the ROI process for a Document Management System. Read more »
Addressing the Document Disconnect: Hidden Opportunity, Big Payoff
IDC
An IDC global study of more than 1,500 line-of-business leaders, IT leaders, and information workers in the United States, the United Kingdom, France, Germany, Australia, and Japan to assess the effectiveness of their organization’s document-based business processes. Read more »
The Business Case for Enterprise Content Management
M-Files
Driven by the need to control exponentially increasing amounts of information that resides across the enterprise, many organizations are looking to create order among content chaos by leveraging ECM and document management solutions. An effective ECM solution will reduce the time, cost and complexity associated with storing, locating and collaborating on documents and data throughout the information life cycle. Read more »
