The document discusses how many companies have experienced data theft due to failures in governance and security. It provides examples of major data breaches at companies like Nortel, Zappos, Stratfor, Subway, universities, transit agencies, music companies, game developers, Sony Pictures, Lockheed Martin, and WordPress. These incidents occurred because companies lacked executive support, documented security plans, adequate budgets, the right controls, and metrics to measure security performance. The document emphasizes that data theft will continue unless companies improve security governance.