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Over 50% of companies have experienced a data breach

New research by Bitdefender discovered that 24% of companies have already suffered a data breach halfway through 2019.

While 57% of companies have experienced a data breach during the last years, 36% of infosec professionals stated that their companies could likely be facing a breach without knowing about it.

The security firm conducted a survey of more than 6,000 infosecurity professionals from organisations across the US, EMEA and APAC.

Source: #Privacy: Over 50% of companies have experienced a data breach

Only 28% Of Firms Are Complying With GDPR

The Capgemini Research Institute reports that only 28% of European firms have achieved full adherence with the law that took effect in May 2018.

U.S. firms are closest — 35% were compliant as of June of this year.

However, compliant firms say they are enjoying improved customer trust, brand image and employee morale. In addition, they have benefitted from improvements in their IT systems and cybersecurity practices.

Source: Only 28% Of Firms Are Complying With GDPR: Study 09/30/2019

AI policing tools may “amplify” prejudices

Evidence has suggested that the absence of consistent guidelines for the use of automation and algorithms, may lead to discrimination in police work.

The Royal United Services Institute (RUSI) published a report which was commissioned by the Centre for Data Ethics and Innovation (CDEI), whereby 50 experts, including senior police officers in England and Wales, were interviewed.

It was found that the use of AI policing tools could result in potential bias occurring. The report stated that algorithms that are trained on prior police data “may replicate (and in some cases amplify) the existing biases inherent in the dataset”, such as under- or over-policing of certain communities.

Source: #privacy: Report warns that AI policing tools may “amplify” prejudices

Non-disclosure of Data Breaches Negatively Affects Acquisitions and Mergers

A recent study has shown that a company’s cybersecurity program, and how it has handled any history of data breaches, has a significant impact on its monetary sales value.

The report, by (ISC)2, asked 250 US-based mergers and acquisitions experts looking at the importance of a company’s cybersecurity program, and how much of an impact its breach history has on its valuation ahead of a potential acquisition.

Their findings revealed that 49% of those experts have seen deals completely derailed after due diligence brought an undisclosed breach to light. Furthermore, 86% of respondents said that if a company publicly reported a breach of customer or other critical data in its past, it would detract from the allocated acquisition price.

Source: #SECURITY: Non-disclosure of Data Breaches Negatively Affects Acquisitions and Mergers

Cyber-attacks remain the biggest business risk in Europe and US

A report by the World Economic Forum (WEF) revealed that ‘fiscal crises’ was the leading risk to global businesses. The report, Regional Risks for Doing Business 2019, surveyed 13,000 business leaders across 130 countries.

Although cyber-attacks was the second highest business risk globally, it was especially a major concern among top business leaders in Germany, France, Italy and the UK. The report stated how 61% of businesses reported cyber incidents, in comparison to 45% in the previous year.

Source: #Privacy: Cyber-attacks remain the biggest business risk in Europe and US

Poor data security has serious consequences for global business

New research published by secure payments provider, PCI Pal, demonstrates a major shift in the way global consumers think about and react to cyber-security breaches.

According to the study, 44% of Americans, 38% of Brits, 33% of Australians, and 37% of Canadians have been the victim of a data breach.

Source: #privacy: Poor data security has serious consequences for global business, study finds

Research reveals six common CX failures when handling GDPR information requests

A recent study conducted by Macro 4 reveals problems in the way companies are handling data subject access requests – an important consumer right enshrined in the GDPR – which threaten to damage consumer trust.

Macro 4’s study evaluated how effectively DSARs are being handled by a sample of 37 UK enterprises, including large financial services companies, utility companies and telecommunications providers. The research uncovered six ways in which companies are failing to meet the requirements of the GDPR and are delivering a level of service that is well below expectations.

Full article: Research reveals six common CX failures when handling GDPR information requests | CustomerThink

33% of executives don’t trust their organization to protect employee data

A third of executives in the US are “not confident in their organization’s ability to protect employee data from bad actors,” according to Dell’s 2019 Workplace Security Report, published Tuesday.

The survey of 4,600 executives, conducted with Vanson Bourne, queried business leaders across 42 countries. This is only marginally higher than the global average of 29%. Executives in Belgium (38%) and France (37%) lead distrust in Europe, while executives in South Korea (51%) and Singapore (42%) lead in Asia.

Source: 33% of executives don’t trust their organization to protect employee data – TechRepublic

Data breach activity at its worst in 2019

A new report by Risk Based Security says that 2019 is on track to being the “worst year on record” for data breach activity.

The 2019 Midyear Quickview Data Breach Report from Risk Based Security reports the number of data breaches is already up by 54% over last year, with half the year left to go.

Source: #privacy: Data breach activity at its worst in 2019, report finds

Facebook: Charting a Way Forward on Privacy and Data Portability

To build portability tools people can trust and use effectively, online services need clear rules about what kinds of data should be portable and who is responsible for protecting that data as it moves to different services.

To address that, Facebook has published a white paper that sets forth five questions about data portability and privacy that we hope will help advance a global conversation.

The paper can be downloaded here.

Source: Charting a Way Forward on Privacy and Data Portability | Facebook Newsroom

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