One In Three Business Have Poor Data Practices

Cadrene Heslop

A cybersecurity company warns customers and businesses to be careful with data.

Tonic.ai commissioned OnePoll for cybersecurity research. OnePoll surveyed 1,000 American software developers and business professionals. (source)

The polls revealed surprising statistics about the company's use of consumer data. The surveyors discovered brands were not careful with data. This usage exposes people to data breaches. (source)

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The poll revealed the following information about the business practices:

  • 45% have experienced data breaches.
  • 29% use customer data when testing and improving company software.

The poll also revealed the industries hardest hit by data breaches in the last five years:

  • 60% for financial services
  • 57% for construction
  • 54% for education
  • 53% for beverage and law practices

The most likely cause of information breaches is internal issues (34%), accidental leaks (27%), and outside incidents (24%). When data breaches occur, it takes about four weeks for the brands to recover. The management has to cope with insurance premium increases (28%), civil lawsuits (27%), regulatory fines (22%), and media coverage (21%). The problem can also be more severe and stop the organization from operating (88%). (source)

The unfortunate reality is that 74% of brands use sensitive consumer data daily. Five business models use consumer data very often. These businesses are the education industry (83%), financial services (82%), food and beverage (80%), and construction industry (79%). (source)

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*Disclaimer: This article is for informational purposes only. This article got written using accredited media reports.* *Information Disclaimer: This article should not be considered professional data usage advice. The article and the information contained herein are not intended to be a source of cybersecurity advice or credit analysis concerning the material presented, and the information and/or documents contained in this article do not constitute data usage, business operation, or financial advice. The ideas, numbers, and strategies should never be used without first assessing your own personal and business situation, or without consulting cybersecurity professionals.*

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