Concentric Inc, a leading vendor in intelligent AI-based solutions for protecting business-critical data, announced the availability of its second quarterly Data Risk Report, which highlights a dramatic rise in oversharing of business-critical and sensitive documents. The report revealed the number of overshared files jumped by 52 percent compared to the previous quarterly report, during an industry-wide transition to a work-from-home environment due to COVID-19.
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Concentric second quarterly Data Risk Report reveals sharp increase in oversharing of sensitive documents during industry’s move to work-from-home environment
Using its Semantic Intelligence™ solution, the company scanned more than 50 million files to discover business-critical and sensitive documents that are overshared via link sharing, inappropriate external sharing, internal permission misconfigurations, and incomplete/incorrect document classifications. Oversharing increases the risk an organization will lose data, violate compliance or privacy mandates, or experience cybercrime.
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Concentric is the first company to identify and quantify risk in unstructured data using deep learning. Its solution autonomously provides an accurate and detailed semantic understanding of the millions of contracts, financial documents, payroll, M&A plans, product roadmaps and source code used by organizations every day. Following the first published quarterly Data Risk Report, this new report analyzed production data and reflects actual user practices and real-world data risk exposures. Additional statistics in the report also point to a sharp rise in oversharing during the three-month sample period earlier this year:
- Organizations averaged 105 business-critical files that were overshared per employee. That’s up from 38 files per employee reported in the first quarterly Data Risk Report.
- Sharing of documents using web links was up to an average of 45,000 files per organization, up from 35,000 files per organization in the last report.
- These changes took place in an environment where the total number of files per organization stayed steady at approximately 10.2 million, with 27 percent of those files categorized or identified as business critical.
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