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European businesses complacent with sensitive information

Posted: 31 Mar 2012 01:49 AM PDT

Data breaches will continue to expose European businesses to unnecessary risk and damage business reputations unless action is taken now to improve the management and protection of sensitive business information, reveals a new report by Iron Mountain and PwC. The study highlights an urgent need for a change in employee behaviour and a cultural shift among senior executives if organisations are to overcome the complacency, negligence and lack of shared responsibility uncovered by the study. The report, launched today at Iron Mountain's first European Information Risk Summit, reveals that only around half of mid-sized businesses consider the loss of sensitive information as one of their top three business risks. Less than a quarter (24%) of the companies surveyed were aware as to whether or not they had experienced a data breach in the last three years. A mere 1% of respondents consider information risk to be the responsibility of every employee, while nearly two thirds (60%) conceded that they do not know whether their employees have the right tools to protect information. Marc Duale, President of International at Iron Mountain, said the report was a wake-up call for European businesses: "It is time for businesses to move from a culture [...]