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85% of companies allow employees to access data from personal devices creating security risks

A recent report from security firm Bitglass surveyed IT experts, and found that 85% of organizations enable BYOD policies, citing employee mobility (74%) and employee satisfaction (54%) as the top two reasons for allowing employees, contractors, and other related parties to bring their own devices. However, the convenience of BYOD creates a particularly large attack surface for malicious actors to harvest information from these organizations.

Source: 85% of enterprises allow employees to access data from personal devices, security risks abound – TechRepublic

GDPR Burdens Hinder M&A Transactions

An increasing number of mergers and acquisitions (M&A) transactions may be stalling because of concerns over EU General Data Protection Regulation (GDPR) compliance, according to a survey of EMEA M&A professionals conducted by Merrill Corporation.

The implementation of the EU’s General Data Protection Regulation (GDPR) stood out as a major hurdle for mergers and acquisitions, with more than half of respondents (55 percent) citing the compliance and data protection employed by the target company as a primary reason a transaction did not progress. Additionally, 66 percent of those surveyed believe that GDPR will increase acquirers’ scrutiny of the data protection policies and processes of target companies, further complicating the deal-making process.

Source: GDPR Burdens Hinder M&A Transactions in the EMEA Region, According to Merrill Corporation Survey | Business Wire

Americans more concerned about data privacy than healthcare

Americans believe that companies should have a mission that goes beyond the money—one that has a positive impact on world hunger, job creation and education, according to the latest Harris Poll data.  According to 65 percent of survey participants, Data privacy most pressing issue.

Source: Americans more concerned about data privacy than healthcare, study says

Facebook CEO Mark Zuckerberg Gets Reputation Hit After Data Blunders

Facebook is the least trustworthy of all major tech companies when it comes to safeguarding user data, according to a new national poll conducted for Fortune, highlighting the major challenges the company faces following a series of recent privacy blunders.

Only 22% of Americans said that they trust Facebook with their personal information, far less than Amazon (49%), Google (41%), Microsoft (40%), and Apple (39%).

Full article: Facebook CEO Mark Zuckerberg Gets Reputation Hit After Data Blunders | Fortune

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 Has Uneven Ad Tracking Impact

Smaller ad trackers lost somewhere between 18% and 31% of their reach, according to new research. Facebook had a decline of just under 7%, while Google was actually able to increase its reach by just over 1%, the data privacy specialists found.

Source: GDPR Has Uneven Ad Tracking, Impact Depends On Site Size, U.S. Gets Better Results 10/11/2018

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

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