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Protecting sensitive data from loss or theft has become a high-priority risk management objective for companies of all sizes, with the imperative perhaps strongest for public companies that are subject to the SEC's new cybersecurity disclosure guidance and those vulnerable to significant reputational damage in the event of a data security breach. Indeed, it is estimated that more than 30 million records were breached last year (source: Privacy Rights Clearinghouse, www.privacyrights.org/data-breach/new) at a cost to organizations of more than $200 per record (source: Ponemon Institute Study, www.ponemon.org/blog/post/cost-of-a-data-breach-climbs-higher).
Of course, risk mitigation requires a good understanding of where the vulnerabilities are, and one that many companies have missed is the sensitive data that likely resides in the hard drive memories of printers, copiers, and fax machines. Often, companies that routinely wipe the hard drives of their computers before recycling neglect to do the same for other types of peripheral machines, and may not realize that some networked digital copiers can be remotely accessed.
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