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Only 25% of companies disclose data breaches despite GDPR

A high number of businesses in Europe are choosing to not disclose cyber-security breaches to the public, despite the risk of heavy GDPR fines, a new study reports.

Researchers discovered that 75% of cyber-attacks are not published, with many companies indicating that they turn a blind eye to their legal obligations.

According to the research, less than a fifth (19%) of corporations gave official notification of hacks they suffered over the last five years, despite 66% of firms surveyed saying they were aware of their legal obligations under new EU data laws in terms of reporting to their local Data Protection Authority.

Source: #Privacy: 25% of companies disclose data breaches despite in GDPR era

Cyberattacks cost small companies $200K, putting many out of business

About 43% of cyberattacks are aimed at small businesses. On average, these cost $200,000, putting 60% of these companies out of business in six months.

At the same time, though, 66% of senior decision-makers at small businesses still believe they’re unlikely to be targeted by online criminals. Similarly, 6 in 10 have no digital defense plan in place whatsoever, underscoring the need for heightened industry awareness and education across the board.

Source: Cyberattacks cost small companies $200K, putting many out of business

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

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

Employees are almost as dangerous to business security as hackers and cybercriminals

Non-malicious insiders are among the top three threat actors, according to an ISACA report. Employee mistakes and system errors are a larger threat to data security than hackers or insiders, one report found, while 75% of IT professionals say they are vulnerable to insider threats, another survey said.

Top three threat actors to businesses:

  1. Cybercriminals (32%)
  2. Hackers (23%)
  3. Non-malicious insiders (15%)

Source: Employees are almost as dangerous to business security as hackers and cybercriminals

An estimated 500K organizations have registered DPOs across Europe

As the EU General Data Protection Regulation approaches its first birthday, hundreds of thousands of privacy professionals have jobs tied to the milestone.

New IAPP research indicates that an estimated 500,000 organizations have registered data protection officers across Europe under the GDPR.

Full article: Study: An estimated 500K organizations have registered DPOs across Europe

Reported data breach numbers increase by 56% for early January

A recently-published study shows that the number of reported data breaches for the first three months of 2019 was up by 56.4% in comparison with the same time frame in 2018.

The research comes from the new Data Breach Report issued by security analytics firm, Risk Based Security.

Source: Reported data breach numbers increase by 56% for early January

GDPR has driven improved cyber resilience

The introduction of the General Data Protection Regulation (GDPR) has made more UK businesses more resilient to cyber risk, the UK government has said in its latest annual cybersecurity breach survey.

Survey was carried out in the final three months of 2018. The government asked 1,566 UK businesses if they had experienced cybersecurity breaches or attacks within the previous 12 months. In response, 32% of businesses said they had, down from the 43% that said they had experienced such incidents in last year’s survey.

Source: GDPR has driven improved cyber resilience, says UK government

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