Attacks/Breaches

2/2/2018
10:50 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Less than 1 in 5 Enterprises Have Customer Notification Plan for Data Breaches

Three quarters of companies subject to GDPR think they could meet the 72-hour notification window, despite the fact that the majority do not have a fully baked customer notification plan in place.

PORTLAND, Ore. – Feb. 1, 2018 – The European Union's General Data Protection Regulation (GDPR) goes into effect this May and lawmakers in the U.S. are proposing stricter data breach legislation. With increased pressure on companies to better protect data and improve notification procedures in the event of a data breach, Tripwire, Inc.surveyed 406 cybersecurity professionals to see how prepared organizations are feeling.

Findings from the study revealed that just over three quarters (77 percent) of companies subject to GDPR could meet the 72 hour notification window, with 24 percent claiming they could notify customers of a data breach within 24 hours. In addition, when asked how prepared their organization was to notify customers in the event of a data breach, less than a fifth (18 percent) said that they were fully prepared with a process in place. The majority (73 percent) said they were ‘somewhat prepared’ and would have to figure things out ‘on the fly.’

“When it comes to cybersecurity, it’s short-sighted to figure things out ‘on the fly,’” said Tim Erlin, vice president of product management and strategy at Tripwire. “The majority of data breaches and security incidents can be avoided by following basic security steps and implementing tried and tested foundational controls. With GDPR coming into effect this year, running a business without a fully baked plan is really asking for trouble.”

When asked to characterize their company’s capabilities for knowing where its customer data is stored versus for protecting customer data, respondents were more confident in knowing where the data is. Over a third (35 percent) said their knowledge of where the customer data is stored is ‘excellent’ by comparison to just over a fifth (21 percent) saying the same for their ability to protect customer data.

Other findings from the study revealed that most don’t feel they are fully prepared for any aspect of a security breach. Less than a fifth (18 percent) felt they were fully prepared with a cross functional team in place to work across IT, finance and communications. Nearly three quarters (73 percent) were not fully prepared to protect customers and only a fifth (22 percent) felt prepared to absorb potential financial penalties as a result of a security breach.

Erlin added: “There are plenty of tried and tested frameworks available from governing bodies in the cyber security space that can help organizations who feel like they’re struggling to prepare for a security incident and more specifically, GDPR. If you are an organization subject to GDPR – and as the rules apply to all companies worldwide that process personal data of European Union (EU) data subjects, that will be the majority of global businesses - you are not alone. Start researching for resources that cater to your needs now to help you prepare, so that you aren’t hit with a big fine come May 2018.”

This study was commissioned by Tripwire and carried out by Dimensional Research in November 2017. A total of 406 qualified participants completed the survey. All participants had responsibility for IT security as a significant part of their job and worked at companies with more than 100 employees.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
13 Russians Indicted for Massive Operation to Sway US Election
Kelly Sheridan, Associate Editor, Dark Reading,  2/16/2018
One in Three SOC Analysts Now Job-Hunting
Kelly Jackson Higgins, Executive Editor at Dark Reading,  2/12/2018
Can Android for Work Redefine Enterprise Mobile Security?
Satish Shetty, CEO, Codeproof Technologies,  2/13/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: One agent too many was installed on Bob's desktop.
Current Issue
How to Cope with the IT Security Skills Shortage
Most enterprises don't have all the in-house skills they need to meet the rising threat from online attackers. Here are some tips on ways to beat the shortage.
Flash Poll
[Strategic Security Report] Navigating the Threat Intelligence Maze
[Strategic Security Report] Navigating the Threat Intelligence Maze
Most enterprises are using threat intel services, but many are still figuring out how to use the data they're collecting. In this Dark Reading survey we give you a look at what they're doing today - and where they hope to go.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.