In the past few years, rapid growth in the volume of sensitive information combined with new technologies has chipped away at the effectiveness of traditional endpoint protections and network perimeter security.
Well-funded hackers with sophisticated tools made headlines and worried organizational leadership throughout 2014, yet the primary reason endpoint security risk has become more difficult in the past 24 months is due to negligent or careless employees who do not follow security policies, according to the Ponemon Institute.
Global financial services firm Morgan Stanley has announced on Monday that it has fired an employee of its Wealth Management Group following the theft of "partial client data." According to Yahoo Finance, he stole information of some 350,000 wealth management clients.
Most enterprises of any significant size have implemented security training programs, designed to teach employees how to avoid major security risks – phishing attacks launched from clicking on suspicious email, password requirements that are complex and ever-changing, and perhaps even two-factor authentication when logging in to certain systems.
Companies around the world have reason to be worried about the use of cloud applications to share mission-critical information.
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