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McAfee highlights lost data security risk

Microscope contributor

Those who had their details lost on the HMRC discs will not be surprised to discover that data continues to disappear on its way between multinationals and their various branch offices.

That is one of the main findings of the McAfee Unsecured Economies Report, which investigated customer attitudes to security and data,and revealed that a worrying number are vulnerable to potential breaches.

In monetary terms the average company had millions of worth of sensitive data residing abroad and on average companies lost $4.6m worth of intellectual property last year.

Against the current economic backdrop there are fears that the data that goes missing will be used by cyber criminals rather than just harmlessly lost.

“Intellectual property and sensitive data has become a premium currency for finally desperate or laid-off employees,” said Dave DeWalt, CEO and president of McAfee.

Those the company surveyed across the globe were candid about where the threats were coming from with countries including Russia, China and Pakistan identified as trouble spots.


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