A recent report from Ponemon Institute shines light on the lack of oversight IT security leaders have over the file sharing practices within their own company.

Based on a survey sponsored by Intralinks and administered to 1,100 IT professionals across three countries, half of these IT leaders admitted they engaged in fundamentally poor behavior, and have failed to set up corporate policies or assign accountability for data loss.

These actions opened businesses to data loss, breaches and regulatory non-compliance punishments.

“The use of commercial-grade file sharing applications is putting sensitive and confidential company information at great risk. To address the threat, companies need to put in place policies and procedures for the appropriate use of these applications. Management often turns a blind eye to the risks because these applications often make employees more productive. However, they achieve greater productivity at the expense of a potential data breach,” said Larry Ponemon, Chairman & Founder, Ponemon Institute.

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