|
Resources
Plan Download
(PDF)
Press Release
Presentation
(PDF)
The Online Trust Alliance Releases 2012
Data Protection and Breach Readiness Guide
In support of Data Privacy Day, new OTA
guide helps businesses proactively address customer anxiety and concerns
in a time of escalating privacy and data breaches
Chicago – January 24, 2012 – In the wake of 2011, which many analysts are
calling the “Year of the Breach,” the
Online Trust Alliance (OTA) today announced the release of the 2012 Data
Protection & Breach Readiness Guide, a comprehensive guide outlining key
questions and recommendations to help businesses in breach prevention and
incident management. OTA is unveiling the report today at the
2012 Privacy
and Data Protection Town Hall, held in honor of Data Privacy Day. This
is the third year the OTA has produced the guide, which provides an analysis
of the past year’s security breaches and offers companies a wide range of
best practices in data security, privacy and data collection.
“Last year, more than 125 million people were affected by data loss
incidents. Combined with the increased awareness of these high visibility
incidents and aggressive data collection and sharing practices, consumers’
trust and online confidence is under attack. By following the
recommendations in this guide we have an opportunity to enhance online trust
and promote the vitality of the internet,” said Craig Spiezle, Executive
Director and President of the Online Trust Alliance.
Rob McKenna, Washington State Attorney General and 2011-12 President of the
National Association of Attorneys General said: “Today’s consumer is often
aware of when their personal data is collected and wants to ensure that
businesses protect it. The Online Trust Alliance’s resources are a valuable
tool for businesses committed to ensuring customers’ privacy and security.”
2011 Highlights In 2011, over 558 incidents were
reported at a cost to U.S. businesses of more than $6.5 billion dollars. It
is estimated over 50% were a result of a server exploits; of which 96% were
avoidable if the recommendations outlined in the OTA report had been
implemented. Analyzing public breaches, the average cost incurred by each
business was $7.2 million or $318 per user record compromised an increase of
over $100 per user record from 2009. These incidents also consumed, on
average, over 600 man-hours to remedy.
Recommendations for Businesses and Organizations
Organizations need to be able to quickly determine the nature and scope of a
data incident, take immediate steps to contain it, ensure that forensics
capabilities are not hampered and immediately initiate steps to notify
regulators, law enforcement officials and the impacted users of the loss.
The OTA 2012 Data Protection & Breach Readiness Guide helps businesses begin
creating a Data Incident Plan (DIP) to guide them in the aftermath of a
security breach.
“Businesses need to look holistically at data privacy and ask, ‘What is the
compelling business reason to keep customer data?’ When you have a data
incident, the more data you have stored – and compromised – the more
damaging it can be for both the individual and the company. The OTA guide
gives key insights into questions that companies need to ask themselves to
protect their customers and delivers information for any business
developing, implementing, or updating their privacy policies and notices,”
said John Roberson, Executive Director, Small Business Development Resource
Center, Chicagoland
Chamber of Commerce.
“Data privacy and protection are critical issues for any business today, so
it’s important that C-level executives take a proactive approach and
demonstrate leadership on these issues,” said
comScore co-founder
and chairman, Gian Fulgoni. “That means adhering to industry-accepted best
practices for prevention of a data incident and establishing the appropriate
procedures to respond quickly and decisively should such an unfortunate
event arise. Businesses who step up to the plate and demonstrate
accountability on these issues not only practice an effective form of risk
management, but also establish long term trust with their customers,
creating a win-win for all parties involved.”
“The Internet has become the land of opportunity for scams and,
unfortunately, we see thousands of them every year,” notes Genie Barton,
Vice President of the Council of Better Business Bureaus and director of its
Online Behavioral Advertising Program. “Consumers need assurances that they
can trust the companies they do business with to secure their data, and the
OTA Data Protection & Breach Readiness Guide is a great tool to help
businesses protect themselves and their customers. BBB is happy to
recommend it to businesses large and small, and we are delighted to help
build a safer Internet for all by supporting excellent initiatives such as
this guide.”
The OTA's 2012 Data Protection and Breach Readiness Guide provides an
invaluable tool for businesses to protect one of their most important assets
- their customers' personal data," said Chris Babel, CEO,
TRUSTe. "Having best
practices in place - such as those outlined in the OTA guide - are critical
to increase online consumer confidence, as well as ensure the success of
emerging and innovative online markets spanning advertising, cloud, mobile
and web channels. TRUSTe greatly values the ongoing and collaborative work
of the OTA in building online trust."
What’s new in the 2012 Guide:
-
A sample data loss plan
outline, along with links to examples of full plans
-
Computer forensics and
encryption basics
-
Considerations for companies operating in -- or with --
customers in the EU and Canada
-
Information on data minimization and data
destruction
-
A review of data classification .
The complete guide is may be
downloaded at no-charge.
About The Online Trust Alliance
(OTA)
https://otalliance.org
OTA’s mission is to develop and advocate best practices, public policy and
self-regulation to mitigate emerging privacy, identity and security threats
to online services, brands, government, organizations and consumers. By
enhancing online trust and confidence, we can realize the potential of the
internet, promote innovation and the vitality of commerce.
For media inquiries contact:
|