Many IT decision-makers guilty of keeping cyberattacks secret

Date:
Thu, 08 Jul 2021 10:45:07 +0000

Description:
"Weight of responsibility" has made many IT leaders hesitant to share data breach info.

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Many business leaders are failing to disclose if their business has been affected by a cyberattack or data breach , a new report has found.

Research by password manager firm Keeper Security found that more than a
third (36%) senior IT leaders kept a cyberattack to themselves, mostly due to the weight of responsibility.

Even though the General Data Protection Regulation (GDPR) demands businesses to disclose, as quickly as possible, when they suffer a data breach or cyberattack, many business leaders still decide to sit on this information. Heres our list of the best endpoint protection software right now Weve built
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Most organizations are aware of the problem, but many arent doing much to address it. Some have even relaxed their cybersecurity policies to allow
their employees to work remotely , signaling that for many - security has taken a back seat during the lockdown.

More than nine in ten (92%) of businesses in the UK suffered a cyberattack in the last 12 months, the report found. As a result, over three-quarters (78%) dont feel prepared to deal with such a threat, while a third (31%) expect Chief Technology Officers (CTO) to carry this burden alone. CTOs, on the
other hand, often make the problem worse, as 32% admitted to using weak credentials. They often use words such as password or admin for passwords . Major risk for SMBs

It is then perhaps unsurprising that Keeper Security found how 58% of IT professionals feel employees at their organizations do not understand the
full consequences of poor cyber-hygiene.

Even though the UK effectively abandoned the EU after Brexit, GDPR still
plays a major role. Organizations that manage data from EU-based citizens still need to be compliant, and the UKs own data protection policies are synchronized with those of the EU, as well.

SMBs that fail to protect their sensitive data could be forced to pay a fine, and would be looking at a ruined brand reputation and brand loyalty. Multiple studies have shown that customers would gladly abandon the company that gets breached and often worry about how the data they share with companies is
being used. All these things can have a major negative effect on the bottom line. Heres our rundown of the best antivirus out there



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Link to news story: https://www.techradar.com/news/many-it-decision-makers-guilty-of-keeping-cyber attacks-secret/


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