Subj : Many organizations admit to covering up data breaches
To   : All
From : TechnologyDaily
Date : Thu Apr 06 2023 10:30:03

Many organizations admit to covering up data breaches

Date:
Thu, 06 Apr 2023 09:13:15 +0000

Description:
In many cases, business management demands IT teams stay quiet.

FULL STORY
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Almost a third (30%) of all IT and security professionals whose firms 
suffered a data breach did not publicly disclose the event, but rather 
decided to sweep it under the rug. 

This is according to a new report from Bitdefender based on a survey of more 
than 400 relevant experts working in companies with 1,000+ employees, which 
added that an even higher percentage (42%) were told by the higher echelons 
to keep the incidents to themselves. 

Reporting a data breach is not just morally right - its also a legal 
obligation in most parts of the world. Data watchdogs and law enforcement 
agencies demand businesses disclose these things in order to minimize the 
potential damage to their customers who might be targeted with phishing or 
have their identities abused for nefarious purposes. Demanding threat 
landscape 

But disclosing a data breach also means fines, loss of business, a tarnished 
reputation, and many other unwanted consequences. 

Bitdefenders research found that business leaders pressure their staff to 
hide cyberattacks because the threat landscape is getting more demanding. 
More than half (52%) of organizations experienced a data breach in the past 
12 months. 

In most cases, IT leaders are worried about software flaws and zero days 
(54%), phishing and social engineering (52%), supply chain attacks (49%), 
ransomware (48%), and insider threats (36%). 

Worldwide, organizations [are] under tremendous pressure to contend with 
evolving threats such as ransomware, zero-day vulnerabilities and espionage, 
while struggling with [the] complexities of extending security coverage 
across environments and an ongoing skills shortage, said Andrei Florescu, 
deputy general manager and senior vice president of products at Bitdefender 
business solutions group. Read more 

> Data breaches could be even more expensive in 2023 


 > Data breaches are more expensive, and more annoying, than ever 


 > Here are the best endpoint protection services at the moment 

Its almost impossible to guarantee cyber-safety in todays harsh environment, 
the researchers conclude, but there are things businesses can do to minimize 
the chances of that happening, such as investing in state-of-the-art 
detection and response solutions. Investing in firewalls, opting for 
zero-trust network access (ZTNA), setting up multi-factor authentication 
(MFA) solutions, and more, can help lift the pressure. 

The results of this survey demonstrate, more than ever, the importance of 
layered security that delivers advanced threat prevention, detection and 
response across the entire business while improving efficiencies that allow 
security teams to do more with less, Florescu concluded. Check out the best 
firewalls right now 

Via: VentureBeat



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Link to news story:
https://www.techradar.com/news/many-organizations-admit-to-covering-up-data-br
eaches


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