Sponsor Robert Siciliano as he runs the Boston Marathon for Miles for Miracles, Children's Hospital Boston
ROBERT SICILIANO is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds.

FREE EBOOK

Check here if you're human

Sponsors

Study Shows Businesses not prepared for Attacks

0
Pin It

Amazing: With the proliferation of cyber attacks globally, most businesses are ill-prepared to deal with this, says research from the Economist Intelligence Unit and Arbor Networks.

1DPerhaps businesses have an “It won’t happen to us” mindset, even though hackers steal the most sensitive data, force the company to make enormous payments to fix the situation, and crush its customers’ trust, in turn damaging future profits. It’s a pebble-thrown-into-a-pond effect: Those ripples just keep going out and out.

Haven’t companies learned from that giant retailer breach in December of 2013? That big retailer was left toppled. Companies don’t realize that if they nickel-and-dime security, they’ll get what they pay for.

The research turned up the following after surveying 360 senior business leaders in organizations nationwide and in Europe and Asia-Pacific:

  • 77 percent experienced a security breach within the past two years.
  • 38 percent lack a response plan for a cyber attack.
  • 17 percent believe they’re “fully prepared” for a cyber attack.
  • Many of the survey participants reported that they relied upon IT departments to deal with the issue of cyber threats. However, companies that indeed suffered a data breach within the past two years were actually twice as likely to have relied upon a third-party IT team.
  • 41 percent of business decision makers believe that a more solid understanding of risks and potential threats would assist them in being better prepared, but, oddly, only one-third of businesses share concerning situations with other businesses for the sake of spreading best practices and information.
  • 57 percent do not report incidents on a voluntary basis if they’re not legally required to do this.

Interestingly, while 41 percent of business decision makers believe that a more solid understanding of potential threats would increase preparedness, only one-third of businesses are willing to share information with other businesses about incidents concerning data security.

The big message regarding cyber attacks on businesses all over the world: It’s not “if,” it’s WHEN.

Robert Siciliano is an Identity Theft Expert to AllClearID. He is the author of 99 Things You Wish You Knew Before Your Identity Was Stolen See him knock’em dead in this identity theft prevention video. Disclosures.

About the Author
ROBERT SICILIANO, CEO of IDTheftSecurity.com is fiercely committed to informing, educating, and empowering Americans so they can be protected from violence and crime in the physical and virtual worlds. His "tell it like it is" style is sought after by major media outlets, executives in the C-Suite of leading corporations, meeting planners, and community leaders to get the straight talk they need to stay safe in a world in which physical and virtual crime is commonplace. Siciliano is accessible, real, professional, and ready to weigh in and comment at a moment's notice on breaking news.

Similar Posts

  • Majority of Executives believe Attackers will overcome Corporate Defenses
    Many technology executives don’t have a favorable outlook on their ability to sideswipe cybercriminals, according to research conducted by McKinsey and World Economic Forum. The research also shows that both big and small businesses lack the ability to make sturdy decisions, and struggle to quantify the effect of risk and resolution plans. As the report authors
  • Credit Card Theft increasing for Banks and Retailers
    2013 was the year of 740 million records involving data breaches. And that number may be erring quite on the conservative side, according to the Online Trust Alliance. The records come from a list on the Privacy Rights Clearinghouse Chronology Data Base. The list is that of publically disclosed breaches, including the alleged 110 million that struck
  • Post-Data Breach Reputation Building
    You WILL be hacked. Remember that mantra if you’re a business. Business leaders need to realize the effect that a data breach would have on customers and clients—an aftermath of distrust which can take a lot of time and money to rebuild. Interactions is a customer experience marketing group that released a study called “Retail’s Reality:
  • Data Breaches hurt Businesses’ Brand
    That very newsworthy data breach that’s still in the news struck 110 million customers, not the more commonly reported 40 million; that’s one-third of the U.S. population. There was also another, but less publicized, breach of huge proportions that occurred to a major retailer in mid-December of 2013. And some reports say another 6 or more
  • Is your Website and Data secure?
    Imagine a lifeguard at the beach sitting on his perch. His job is to patrol and monitor for signs of trouble. He sees a surfer being attacked by a shark. Wow, a lot of good it does that he’s in a completely helpless position; by the time he scrambles off his perch and runs towards

Comments are closed.

Xtreme School

Featured in

Anderson Cooper John Stossel Robert Siciliano Featured in
Browse by Month

Browse by Category