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Category Archives for "Research"

Most customers would share more data for better deals from their insurer

Nearly 60% of customers say they would be willing to share significant personal information in return for lower prices and personalized offers.

However, 75% of consumers said they were very cautious about the privacy of their personal information. When asked what would make them leave their current bank or insurer, data breaches were consumers’ second-biggest concern behind increasing costs.

Source: Most customers would share more data for better deals from their insurer – report | Insurance Business

Users Crave Digital Privacy, But Aren’t Willing To Pay For It

Despite fears, 72% of consumers said they are not willing to pay social networks to ensure their personal information be protected. More (93%) believe companies and organizations should provide them with a degree of control over their personal information.

Source: Users Crave Digital Privacy, But Aren’t Willing To Pay For It 03/27/2019

61% of CIOs say employees are maliciously leaking data

A study of the root causes of insider breaches has found that 61% of IT leaders believe that employees have maliciously risked data in the last 12 months.

However, the research, which involved input from more than 250 US and UK IT leaders and 2,000 US and UK-based employees, found that employees had a very different view of the situation.

92% of employees said they had not accidentally leaked company data, while 91% said they had not done so intentionally. This suggests that employees may be unaware of being the perpetrators of insider breaches.

Source: Insider breaches: 61% of CIOs say employees are maliciously leaking data

China needs better data privacy policy to capture digital trade growth

If China doesn’t step up its efforts on issues such as data privacy and intellectual property protection, the country could miss out on a 37 trillion yuan ($5.5 trillion) growth opportunity in the decade ahead, according to analysis published Thursday by the Hinrich Foundation.

“To sustain China’s growth momentum into 2030 and beyond, China would need to hone competitive strategies beyond the low-cost advantage that has traditionally propelled its economic growth,” the report says.

Source: China needs better data privacy policy to capture digital trade growth

Asian firms are better prepared than European peers to comply with privacy regulations

The report, The transparent business barometer: Preparing for the end of easy data, written by The Economist Intelligence Unit (EIU) found that firms in China and South-east Asia are more confident than those in Europe to deal with potentially stricter rules around consumer-data gathering and use; the US leads both regions.

Asian companies may be ahead of the ethics curve: companies in China and South-east Asia are more likely to tie data-privacy practices to good corporate governance than those in the West. Yet firms also generally believe people are willing to trade data privacy for improved services.

Source: Asian firms are better prepared than European peers to comply with data-privacy regulations, according to new EIU study, Business Insider – Business Insider Singapore

Businesses are spending on cybersecurity, but failing to implement basic practices

Cybersecurity spending has increased, but research shows that organisations are still vulnerable to the most basic of cyber threats.

Just 36% of UK IT leaders are confident that their company’s current IT systems provide adequate protection against cyberattacks.

Full article: Businesses are spending on cybersecurity, but failing to implement basic cybersecurity practices | Verdict

Cybersecurity Firms Issue Annual Threat Reports

CrowdStrike, FireEye and IBM Security recently released their annual threat reports. These reports contain a wealth of information on recent trends in cybersecurity attacks and recommendations on the preventive measures companies can take to protect themselves.

Reports can be found here:

Source: Cybersecurity Firms Issue Annual Threat Reports

Data breaches up 400 percent, 15 billion records compromised

The number of data breaches increased more than 400 percent in 2018 exposing almost 15 billion records, according to the identity intelligence company 4iQ.

The company’s annual report confirmed 12,440 new breaches, a 424 percent increase compared to 2017, and of the 14.9 billion records compromised, 3.6 billion were confirmed real and exposed for the first time and were not part of an earlier breach. Government agencies were fastest growing target suffering a 291 percent increase in data breach incidents and the United States and China were home for 47 percent of all breached records, 4iQ found.

Source: Data breaches up 400 percent, 15 billion records compromised: report | SC Media

GDPR compliance boosts business, study shows

Businesses that are embracing the EU’s General Data Protection Regulation (GDPR) enjoy increased efficiency and are more attractive to investors, according to a new study by Cisco.

It was discovered that 59% of companies globally feel they are ready for the GDPR, with a further 29% claiming to be in good shape within 12 months.

Source: GDPR compliance boosts business, study shows

Organizations Taking Less Time to Detect Breaches

Internal security teams at enterprise organizations are generally getting better at detecting compromises, but it’s still taking them well over a month to discover them.

A FireEye analysis of global breach data from 2018 shows that half of all organizations last year took 50.5 days or longer to detect an intrusion after it first began. That was one week faster than the median of 57.5 days it took them in 2017.

Source: Organizations Taking Less Time to Detect Breaches

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