White Paper: The Osano Data Privacy and Data Breach Link

Osano is pleased to share the results of our groundbreaking research. We analyzed the relationship between a company’s privacy practices and their likelihood of experiencing a data breach. The Osano Data Privacy and Data Breach Link reveals a predictive relationship between responsible privacy practices and security outcomes. 

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The comprehensive study highlights the following facts: 

  • Approximately 2.77% of companies reported a data breach over the past fifteen years. 
  • Companies with the least rigorous privacy practices are nearly twice as likely to suffer a data breach than companies with excellent data stewardship.
  • The average company shares its data with 730 different vendors and third-party vendors. Third parties were responsible for two out of every three data breaches. 
  • Companies with the least rigorous privacy practices lose seven times the number of data records when they are breached. 
  • Hacker attacks were responsible for the highest number of data breaches and hacker-caused data breaches inflicted the most severe losses. 
  • Companies in financial industries were far more likely to experience data breaches caused by inside jobs. 
  • Nearly 30% of government and educational organizations with “.gov” and “.edu” top-level domains experienced a data breach.

The correlations between data breaches and Osano Privacy Scores stem from many causes including willful ignorance, oversight of privacy best practices that increase risk exposure, and company culture around responsible data stewardship. Another key link between data breaches and privacy practices is third party vendors. The average company shares its data with 730 different vendors, and according to the Internal Auditors Research Foundation, third parties were responsible for two out of every three data breaches.

Many companies are lagging behind current data privacy requirements. By prioritizing best-in-class privacy practices, companies can reduce the risk of security incidents and demonstrate their trustworthiness to customers.

After a thorough examination of the privacy practices from more than 11,000 companies and organizations, Osano identified three key trends for 2020: 

  • Increasing complexity of vendor policy changes and notifications
  • Growing public concern about data privacy
  • Increasing legislative activity addressing data security

 

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What's New at Osano

Osano offers privacy consulting

By now, you know that companies that show their customers that they take privacy seriously will earn their trust and loyalty. And we know that compliance with data privacy laws, like the GDPR or the CCPA, can feel like a burden. But what if it were easy and could boost your bottom line? What if you could relax — maybe even sleep at night! —  because your regulatory commitments were being handled.

We're excited to tell you: We can help you feel that way. Osano is now offering privacy consulting in addition to our compliance software. Whether you need an interim privacy officer, a data protection officer or project-specific resources, our privacy consultants are ready to roll their sleeves up for you. 

You can get started today with a free 30-minute consultation by clicking here. 

Find out more

Sweeney release

We have just released a major new upgrade to our platform. This update features role-based access controls for your business. Admins will now be empowered to restrict a user's access and control to specific parts of Osano's platform.

Role-based access controls are only the most visible of numerous enhancements in this update that improve the performance, integrity and security of the Osano platform. The release notes detail the full list of enhancements and bug fixes.

The name of this release is a hat tip to Latanya Sweeney, a Harvard professor and privacy researcher who has done pioneering privacy research for the past two decades. Click to read more about her impressive work.

Read the Release Notes

Westin release

Announcing a shiny new update to Osano's platform! Updates include:

  • Consent Manager preview showing language translations and popup styling by location
  • Consent Manager versioning and rollback
  • iFrame blocking support
  • Consent Manager configuration duplication
  • Two dozen other features, enhancements, and bug fixes

This release is named in honor of Alan Westin, the father of modern data privacy law. We released an article on our blog about how his work has shaped privacy laws and perceptions today.

Read the Release Notes

White paper: The Osano Data Privacy and Data Breach Link

Announcing a groundbreaking report analyzing the relationship between a company’s privacy practices and their likelihood of experiencing a data breach. The Osano Data Privacy and Data Breach Link reveals a predictive relationship between responsible privacy practices and security outcomes.

Download the White Paper

11,000 vendors and counting!

Osano's proprietary dataset of vendor privacy risk just broke 11,000! We couldn't be more proud! 🎉