2024 Sensitive Content Communications Privacy and Compliance Report Highlights
Video
The 2024 Sensitive Content Communications Privacy and Compliance Report by Kiteworks offers a comprehensive analysis of how organizations manage the privacy and security of their sensitive content. The report is based on a survey of 572 professionals from various industries, including IT, cybersecurity, and risk and compliance management, and respondents across North America, Asia-Pacific, and EMEA.
Some of the key highlights in the report include:
1. Cyberattacks and Data Breaches
Malicious cyberattacks remain a significant risk, with 32% of respondents reporting seven or more external malicious hacks of sensitive content in the past year. This is a slight improvement from the previous year, but still indicates a high level of vulnerability. The report highlights that higher education, security and defense, and oil and gas industries faced the most breaches. Additionally, Asia-Pacific organizations reported a disproportionate number of breaches, with 72% experiencing four or more incidents.
2. Compliance and Risk Management
Compliance and risk management are critical areas of focus for organizations. Only 11% of respondents believe they do not need improvement in managing sensitive content communications compliance. Most organizations spend over 1,500 staff hours annually on compliance reporting, highlighting the significant resource investment required. Furthermore, organizations that exchange sensitive content with over 5,000 third parties incur substantial litigation costs, with half spending over $5 million annually.
3. Advancing Security Measures
Implementing advanced security measures is crucial for protecting sensitive content. Despite the emphasis on zero trust, 45% of organizations have not yet achieved it with content security. Organizations that do not use advanced security capabilities are more likely to be unaware of the number of data breaches they experience. The report identifies significant security gaps across various industries, with legal, local government, federal government, and healthcare sectors facing the most challenges. North American respondents generally have the highest security posture, with 67% consistently using advanced security measures for external communications.
This video highlights just a few of the key findings in the report. Download the full report to get more details.
Frequently Asked Questions (FAQs)
The 2024 report by Kiteworks examines how organizations protect the privacy and security of their sensitive content and comply with data privacy regulations. It includes insights from a survey of 572 professionals in IT, cybersecurity, and risk and compliance management from various global regions.
The report identifies that malicious cyberattacks remain a significant risk, with 32% of respondents experiencing seven or more breaches in the past year. Higher education, security and defense, and oil and gas industries reported the highest number of breaches, and organizations in the Asia-Pacific region were particularly affected.
Only 11% of respondents believe their organizations do not need improvement in managing sensitive content communications compliance. Most organizations spend over 1,500 staff hours annually on compliance reporting, with those exchanging content with over 5,000 third parties incurring litigation costs exceeding $5 million annually.
Advanced security measures are critical for protecting sensitive content, yet 45% of organizations have not achieved zero trust with content security. Organizations lacking advanced security capabilities are often unaware of the number of breaches they experience, indicating a significant risk gap.
The report highlights that Asia-Pacific organizations experience a high number of breaches, with 72% reporting four or more incidents. Industries such as higher education, security and defense, oil and gas, and healthcare face the most significant security challenges, often lacking advanced security measures and facing higher breach rates.
Additional Resources
- Infographics Insights on the Impact of Data Breaches
- Infographics Insights on Third-party Risk Management
- Infographics Insights on Data Types and Classification and Risk Management
- Infographics Insights on the Proliferation of Content Communication Tools
- Infographics Insights on Sensitive Content Communication Governance
- Infographics Insights on Sensitive Content Communications Compliance