SOURCE: Reconnex

December 17, 2007 08:00 ET

Despite Increased Attention to Loss of Corporate Data, Enterprises Lack Urgency and Have No Policies to Protect Intellectual Property

Reconnex CEO Predicts in 2008 Organizations Will Be Forced to Disclose Breaches Not Just of Private Data but Also of Key Digital Assets

MOUNTAIN VIEW, CA--(Marketwire - December 17, 2007) - Reconnex, the leader in data loss prevention appliances, today released survey results for intellectual property (IP) protection and predictions for 2008. Security personnel at enterprises that have from 1,000 to more than 20,000 employees worldwide were surveyed on their concerns about threats to the security of IP and what their organizations are doing to ensure their IP is secure. The surveys, conducted by the Enterprise Strategy Group (ESG), found that while respondents are well aware of the threat of data and IP loss, particularly from insiders, they lack defined business policies for securely sharing IP with external constituencies. In addition, there are no controls in place to safeguard data, since many still use inefficient manual processes to secure IP.

Intellectual Property Loss Will Make Headlines in 2008

"Loss of data at major enterprises was headline news this year, and I fully expect this trend to continue into the New Year," said John Peters, CEO of Reconnex.

Peters predicts that the growing awareness of the need to protect data will lead to the following developments:

-- We will see enterprises focus their attention beyond credit card and Social Security numbers, to protecting sensitive business data and IP.

-- Organizations will be forced to disclose breaches not just of private data, but also of key digital assets that make up shareholder value.

-- DLP vendors will introduce tools that will help customers learn what sensitive information is leaking out of the enterprise and to whom -- and customers can use what they learn to develop the appropriate rules and policies to prevent these leaks.

-- Organizations will create data security czars charged with automating the discovery and protection of digital assets.

Statistics Prove Loopholes in Protecting Corporate Data

Throughout 2007, security professionals surveyed made it clear that while they understood the value of intellectual property, their organizations had gaps when it came to protecting key digital assets. Following are some key findings:

-- One third of organizations surveyed acknowledged data losses in the past 12 months. About 58 percent believe the biggest threat to their data is from malicious or negligent insiders sending data outside the organization. (To download the survey "Intellectual Property Rules" click here.)

-- Only 41 percent of respondents work at organizations that have a formal process to determine which IP can be shared with partners. Some 54 percent are confident that their organizations know the specific IP that business partners can access. (To download "Intellectual Property Security: The Elephant in the Room," click here.)

-- Although organizations are upping their investment in IP protection, a startling 55 percent of respondents still rely on "sweat equity" to secure IP. And 56 percent of organizations with more than 20,000 employees spend more than 80 hours per quarter on manual processes for identifying and classifying IP. (To download "Extending Intellectual Property Protection beyond the Firewall," click here.)

About Reconnex

Reconnex's award-winning data loss prevention appliances are designed for any organization -- including enterprises, government agencies, or educational institutions -- that wants to protect its brand, maintain compliance, or secure sensitive information. Reconnex delivers accurate protection against known data-loss threats and provides the only solution that automatically learns of and defends against new threats as they evolve. A privately held company based in Silicon Valley, Calif., Reconnex protects information for over one million users today.

For more information about Reconnex, please visit www.reconnex.net or call 866-940-4590.

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    Kristin Kiltz
    Engage PR
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