Changing privacy risks and the data protection landscape

April 2013
  • Print-friendly version
Changing privacy risks and the data protection landscape

At a glance

The unique challenges facing utilities compound the need for a holistic, risk-based data protection program- one that addresses the privacy considerations of today yet is flexible enough to manage constantly evolving risks and regulations.

The average total organizational cost of a data breach in the United States is $5.5M per breach.3

Protecting critical assets and ensuring compliance are nothing new to utilities. But game-changing technology initiatives and heightened public awareness of privacy concerns present new challenges. Threats to data privacy are surging. In 2011, more than 500 data breaches involving 30.4 million sensitive records were reported, including some of the largest individual breaches on record.7 When these events result in leaks of sensitive data, the damage to a power and utility company's brand, regulatory status, customer relationships, and intellectual property can be significant.

The unique challenges facing utilities compound the need for a holistic, risk-based data protection program- one that addresses the privacy considerations of today yet is flexible enough to manage constantly evolving risks and regulations.



3 Ponemon Institute, 2011 Cost of a Data Breach: Global, March 2012.
7 The Privacy Rights Clearinghouse, Data Breaches: A Year in Review 2011, December 2011.