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Research Reveals Lack of Resources and High Product Costs as Barriers to Preventing Data Leakage - PortAuthority Technologies’ ILP solutions address organizations’ biggest challenges to protecting data as identified in independent research by the Ponemon Institute
Research Reveals Lack of Resources and High Product Costs as Barriers to Preventing Data Leakage

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/08/29 - PortAuthority Technologies’ ILP solutions address organizations’ biggest challenges to protecting data as identified in independent research by the Ponemon Institute. NASDAQ: WBSN

   
 
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PortAuthority Technologies, Inc.,™ the leader in Information Leak Prevention (ILP), today announced that it uniquely meets organizations’ biggest challenges in protecting confidential information and preventing information leaks, as identified in the industry’s latest independent research.

Announced yesterday by privacy and information management research firm the Ponemon Institute, the National Survey on the Detection and Prevention of Data Breaches examines the responses of 853 randomly selected, U.S.-based information security professionals to questions related to data protection and leak prevention within their organizations. It also provides insight related to data breach response; technologies, practices, and procedures used to detect and prevent data breaches; primary issues, challenges and possible barriers to effectively detecting and preventing data breaches; and enforcement of data protection policy.

According to the study, 63 percent of respondents believe they cannot prevent a data breach. The top reason given for failed enforcement is lack of resources. In addition, despite the clear need, excessive cost was cited as the primary reason organizations do not use leak prevention technologies, with 35 percent stating that leak prevention technologies are too expensive.

To address these issues, PortAuthority automates information leak prevention capabilities for organizations, delivering real-time monitoring and reporting, and granular policy management for selective blocking and enforcement, helping organizations to leverage current resources and staffing levels.

“We are an independent hospital, so we need to look for the best value from the solutions we implement, including information leak prevention,” said Ron Uno, Manager, Information Management, at Kuakini Health System. “PortAuthority is a cost-effective solution, and it is helping us automate these processes, so we can do more with what we have. We can't afford to have someone sit and monitor our email and communications traffic, and enforce our policies manually. With PortAuthority all this is automated, and we are now confident that we are closer to HIPAA compliance and more secure in our communications than before.”

With PortAuthority’s open architecture including industry standard ICAP support, enterprises easily integrate PortAuthority with their existing solutions to preserve their investment, while gaining best-of-breed information leak prevention to ensure regulatory and corporate compliance. Studies and industry feedback confirm that its PreciseID™ technology delivers the industry’s highest accuracy with the lowest false positives and false negatives. Its purpose-built appliance form factor proves more cost effective than other solutions which price on a per-user basis.

“While most studies today agree that information leakage is an enormous problem, this survey is unique in seeking to understand the root causes, straight from security professionals charged with securing the data within their organizations,” said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. “One of the contributors to this epidemic, we learned directly from those in the trenches, is a lack of resources. Based on our findings, we believe that investing in leading information leak prevention technology that automates the monitoring and enforcement processes can help organizations best leverage their existing resources to better protect information assets, including customer data and intellectual property.”

PortAuthority Technologies is a growing leader in the ILP and Content Monitoring/Filtering markets. It delivers security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection, and compliance with regulations such as Sarbanes-Oxley (SOX), the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry (PCI) Data Security Standard, and the Gramm-Leach-Bliley Act (GLBA). With more than 27 patents pending, only PortAuthority stops information leaks by continually monitoring internal and outbound communications and delivering policy enforcement in a real-time and accurate manner.

“This study highlights security effectiveness and cost of ownership as barriers to implementing solutions to prevent data breaches,” said Raj Dhingra, PortAuthority Technologies vice president of marketing. “At PortAuthority, enforcing data security policies has been our mission since 2002. Our patented PreciseID technology delivers breakthrough security effectiveness with false positive rates of less than 1 percent, and our innovative solutions are purpose-built for ease of deployment and provide automation for ease of policy enforcement. Our experience helping Fortune 500 and Global 2000 companies validates PortAuthority as a best-of-breed information leak prevention solution with the lowest total cost of ownership.”

PortAuthority Technologies’ growing customer base has confidence that its internal data is secure, both for customer privacy, regulatory compliance and intellectual property concerns. Unlike other industry solutions, PortAuthority Technologies’ advanced algorithms use granular data matching techniques that are resilient to data manipulation. Enterprises easily integrate PortAuthority Technologies’ appliance with their existing solutions to preserve their investment, while gaining best-of-breed information leak prevention to ensure regulatory and corporate compliance.

Copies of the National Survey on the Detection and Prevention of Data Breaches from the Ponemon Institute and sponsored by PortAuthority Technologies are available from PortAuthority, and upon request through the Ponemon Institute.

About PortAuthority Technologies
PortAuthority Technologies is the leading provider of Information Leak Prevention security solutions that reliably and accurately control the unauthorized distribution of sensitive information for data privacy, confidential information protection and true compliance. Using its patented PreciseID™ technology, only PortAuthority stops information leaks by monitoring internal and outbound enterprise communications and delivering policy enforcement in real-time. PortAuthority ensures compliance with regulations such as GLBA, PCI, HIPAA, CA CC1798, PIPEDA and SOX by closing the gap between employee behavior and corporate and legal policies. PortAuthority Technologies is a privately held company backed by Greylock Partners, Sequoia Capital and Lexington Ventures. The company is headquartered in Palo Alto, Calif., and has offices throughout the U.S. For more information, please call 877-843-4879.

 
 
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Research Reveals Lack of Resources and High Product Costs as Barriers to Preventing Data Leakage

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Publisher Contact: Spalding Communications for PortAuthority 
650-739-0100 x138 dspalding[.]portauthoritytech.com
 
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