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Consumers are more concerned with cybersecurity and data privacy in 2018

Ping Identity 2018 Consumer Survey: Attitudes and Behavior in a Post-Breach Era was released on Wednesday. It reveals that one in five users have been victims of a data breach, and out of that number 34% of them experienced financial loss. Following a breach, 78% of respondents said they would stop engaging with the brand online, and 36% said they would stop engaging with the brand completely. 54% of respondents are more concerned with protecting their personal data now than they were prior to the breach.

Source: Consumers are more concerned with cybersecurity and data privacy in 2018 – TechRepublic

GDPR in Numbers

The numbers show that the GDPR – with only five months since its entry into effect – is not merely a set of general principles and empty promises but a practical and widely used tool for the protection of people’s privacy.

The European Data Protection Board claims that more than across Europe 42,230 complaints have been lodged across Europe. A large number of data breach notifications (nearly 13,000 overall) suggests that businesses and other organisations treat seriously the obligation imposed by Article 33 of the GDPR. As of 25 September, only six draft codes have been submitted: four in Romania, one in Poland, and one in Germany.

Full article: GDPR in Numbers

82% of security pros fear hackers using AI to attack their company

Enterprise IT and security professionals recognize AI’s potential in cybersecurity, according to a new report from Neustar: 87% of the 301 senior technology and security workers surveyed agreed that AI will make a difference in their company’s defenses. However, 82% said they are also afraid of attackers using AI against their company, the report found.

Full article: 82% of security pros fear hackers using AI to attack their company – TechRepublic

One in Six European Companies Unprepared for GDPR Breach

The British Standards Institution (BSI) has released the results of a study which show that one in six European business are not sufficiently ready to face the threat of a data breach.

The report showed that 73 per cent of groups who participated in the BSI research were ‘concerned about cybersecurity and were seeking solutions’. However, one in six groups advised the researchers that they had no plan in place to address a data breaches. 33 per cent said they were not currently completing cybersecurity testing as opposed to 59 per cent revealing that they were engaging in end-user security awareness programmes.

Source: BSI Study: One in Six European Companies Unprepared for GDPR Breach – Compliance Junction

Consumers say they want much more control over their personal data

Janrain, which polled more than 1,000 U.S. consumers. The survey found that  two-thirds of US adults want government to pass laws that provide them with “greater privacy, security and control of their personal data.”

46 percent of consumers were willing to forgive a company that was a “victim of a data security breach,” if that company immediately notified them. Another 42 percent would “possibly” be willing to forgive.

However the bulk of the results show that consumers are clearly ambivalent about the companies they interact with, especially online, and the majority want much more control over their data.

Source: Consumers say they want much more control over their personal data – MarTech Today

Nearly half of enterprise brands believe they are at risk of a website data breach

Recent research has revealed that nearly half (46%) of enterprises believe they have a probable (or greater) risk of a website data breach. 15%of enterprises also admitted that they have a definite, known risk. 67% have not evaluated, considered, or yet implemented marketing security for their website.

Source: Nearly half of enterprise brands believe they are at risk of a website data breach

Data breaches compromised 4.5 billion records in first half of 2018

Gemalto, the world leader in digital security, today released the latest findings of the Breach Level Index , a global database of public data breaches, revealing 945 data breaches led to 4.5 billion data records being compromised worldwide in the first half of 2018. A total of six social media breaches, including the Cambridge Analytica-Facebook incident, accounted for over 56% of total records compromised.

Source: Data breaches compromised 4.5 billion records in first half of 2018

GDPR Readiness Survey for Software and SMEs

The GDPR Readiness Survey for Software and SMEs will show you the latest approach taken by entrepreneurs to comply with the GDPR. In this GDPR Readiness Survey, 100 different software companies and startups of varying sizes, ranging from 1-250 employees, were surveyed.

50% of respondents indicated they managed GDPR compliance internally without the consultation of an external body or an external lawyer. 42% of respondents contacted a lawyer to advise on GDPR compliance.

52% of survey respondents believed that they are fully GDPR compliant

Full article: GDPR Readiness Survey for Software and SMEs

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