There is a huge disconnect between corporate confidence in security preparedness and the number of actual security incidents that occur each year.
The average cost of a data breach continues to rise, up to $4 million per incident, over 2015 figures of $3.79 million. Since 2013, there has been a 29% increase in the average cost of data breaches.
This survey revealed that in-house counsel have a skewed view of their organization’s security preparedness, an overconfidence that can lead to dangerous complacency.
MySpace, Tumblr and LinkedIn are all currently grabbing headlines for data breaches that happened years ago and have only now come to light.
A new study from Ponemon asks individuals at organizations that currently have data protection and privacy training programs to weigh in on the question of the Insider Threat.
Whose job is it to protect corporate data? Management comes to mind first, typically a CISO, CSO or CIO. Next we think of security professionals and IT managers, who currently feel they bear the brunt of the responsibility for data security (our own survey showed many fear a breach would mean losing their job).
According to this breach report, nearly one-third of those breaches are attributed to “CEO spearphishing” schemes. This phishing scheme, while not new, has been a top scheme of choice for this year.
A recent survey showed that 63% of organizations in Australia experienced a cybersecurity incident or breach in 2015, with more than half of them listed as “serious.” Large scale breaches such as those experienced by Kmart and David Jones, and widely publicized breaches at Aussie Farmers Direct and Queensland TAFE, rocked consumer confidence on the state of data security in Australia.