{"id":2831,"date":"2025-01-02T18:07:06","date_gmt":"2025-01-02T18:07:06","guid":{"rendered":"https:\/\/dataninjasinc.com\/?p=2831"},"modified":"2025-01-02T18:07:06","modified_gmt":"2025-01-02T18:07:06","slug":"costs-of-unprotected-data-assets-are-high-why-all-organizations-must-be-ready-with-a-taxonomy-of-sensitive-data","status":"publish","type":"post","link":"https:\/\/dataninjasinc.com\/2025\/01\/costs-of-unprotected-data-assets-are-high-why-all-organizations-must-be-ready-with-a-taxonomy-of-sensitive-data\/","title":{"rendered":"Costs of Unprotected Data Assets are high \u2013 Why all organizations must be ready with a taxonomy of sensitive data?"},"content":{"rendered":"

Take a look at some of the recent headlines:<\/p>\n

\u201cData Protection Concerns Upend M&A Plans\u201d<\/p>\n

\u201cCalifornia Passes Sweeping Data-Privacy Bill\u201d<\/p>\n

\u201cMarketers Push Agencies to Shoulder More Liability for Data Breaches \u2026\u201d<\/p>\n

\u201cApple CEO Condemns \u2018Data-Industrial Complex\u2019\u201d<\/p>\n

Truth be told, these headlines are just a fraction of what is happening out in the real world. Data are everywhere (and growing by the minute). All manners of devices have become smarter, or in other words have started producing data.<\/p>\n

Networks have multiplied, devices have multiplied, systems have increased. With all this happening, it is important for any organization to build a cohesive, well understood catalog of all information assets.<\/p>\n

Data Ninjas recommend a new mantra to live by and that is \u201cyou can only protect what you know you have!\u201d. This is an often overlooked by most organizations. This issue is more pervasive in bigger organizations but often is ignored by smaller organizations. While smaller organizations are not exposed to compliance risk, they are exposed to general data privacy and protection risk.<\/p>\n

Now let\u2019s look at some of the costs of lack of adequate data protections:<\/p>\n