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Category Archives for "Research"

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

GDPR spurs cybersecurity improvements at biggest public companies

The introduction of the General Data Protection Regulation (GDPR) spurred the UK’s biggest public companies to improve the measures they put in place to protect data, according to a UK government survey.

“The 2018 Health Check indicates that GDPR has increased the attention FTSE 350 boards give to cyber risk,” the government’s survey report said. “Over three quarters of businesses (77%) report that board discussion and management of cyber risk has increased since the introduction of GDPR, and more than half (55%) of these businesses have increased measures as a result.”

Source: GDPR spurs cybersecurity improvements at FTSE 350 companies

Organisations should be doing more to achieve privacy accountability

The Global Privacy Enforcement Network’s (GPEN) annual intelligence gathering operation looked at how well organisations have implemented the core concepts of accountability into their own internal privacy policies and programmes.

Whilst there were examples of good practice, it was found that a number of organisations had no processes in place to deal with the complaints and queries raised by data subjects, and were not equipped to handle data security incidents appropriately.

Source: Organisations should be doing more to achieve privacy accountability | ICO

UK consumers more likely to abandon a breached company

A study by the payment security firm PCI Pal found British folks are far less forgiving of a company that suffers a breach, with 41 percent saying they would stop frequenting that store brand forever. Only 21 percent of Americans felt the same way.

Source: UK consumers more likely to abandon a breached company | SC Media

Consumers Worry About Personal Data Privacy But Few Take Action

Eighty-one percent of consumers say they’ve become more concerned about how companies use their data, while 87% think companies should be more heavily regulated on personal data management, according to privacy survey from IBM’s Institute for Business Value.

But even though consumers are concerned with one story after another of companies losing or misusing personal data, apparently it’s not enough for them to take actions in response. Seventy-one percent said that they were willing to give up privacy to get access to what technology can offer. Only 45% have updated their privacy settings on products in response and 16% walked away from a company because of data misuse.

Source: Consumers Worry About Personal Data Privacy But Few Take Action: Study | Fortune

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