|By RealWire News Distribution||
|November 13, 2013 07:04 PM EST||
New survey reveals how data breaches impact consumer confidence, with majority of respondents calling for harsher punishments and prepared to boycott breached organisations
13 November, 2013 - LogRhythm, the leader in cyber threat defence, detection and response, today announced the results of its annual survey that reveals the UK public wants to be informed whenever an organisation suffers a data breach, and that more needs to be done to punish companies that lose sensitive information. The survey also shows that consumers call for breach notification laws that make it mandatory for all breaches to be reported to all customers - irrespective of scale.
In the survey of 1,000 consumers, conducted for LogRhythm by OnePoll, two-thirds of respondents (66 percent) said that there should be legislation forcing organisations to declare any data breaches experienced, with the same percentage stating that customers should be told immediately. While current EU legislation requires only affected customers of telecoms operators or ISPs to be notified, 64 percent of respondents reported a desire for all customers to be informed, regardless of whether their data was comprised. On a similar note, the majority of respondents feel that not enough is being done to uniformly punish organisations that lose sensitive data.
"The barrage of data breaches this year has clearly impacted the way in which consumers perceive the security of their personal information, which points to an urgent need for organisations to up the ante on data protection," said Ross Brewer, vice president and managing director for international markets at LogRhythm. "EU data privacy laws go some way toward mandating full breach disclosure, but the feedback from consumers is that much more needs to be done - across industries far beyond the telecoms sector. However, with 53 percent of respondents admitting that they would think twice about doing business with breached organisations, businesses face a very difficult dilemma indeed."
When it comes to consumer confidence, the results were equally bleak, with 48 percent believing it inevitable that their data will be compromised by hackers at some point. Echoing the results of a similar survey in November 2012, social media and gaming websites were deemed the least trusted keepers of personal information, while healthcare providers and financial services institutions were favoured for security.
"Interestingly, when compared to last year's results, the inevitability of data breaches is more apparent, which could be signalling a worrying era of data breach malaise. Perhaps, as initiatives such as the EU's 24 hour breach notification regulations develop, we'll see confidence increase and consumers becoming less resigned to the fate of their privacy. However, organisations should not be motivated solely by the threat of regulatory fines to keep data secure, and they must implement their own safeguards in an effort to reassure customers their information is safe - particularly with so many people willing to boycott the victim organisations."
In light of ongoing allegations of government-sponsored espionage, respondents reported concern over the level of information sharing between large organisations and internet companies - with 63 percent worried about the impact this has on who sees their private data. In terms of national cyber security, 16 percent of British consumers believe government organisations are doing enough to protect national assets from cyber security threats, compared to just 11 percent in 2012.
"This year, the UK government has been very outspoken about its drive to commit more resources to cyber security, which could be a reason for the slight increase in public confidence - however, it has been a tough few months, and as NSA and GCHQ spying headlines continue to mount, confidence is understandably still low," continued Brewer. "In any case, the research proves that more needs to be done by governments, industry regulators and organisations themselves to restore the confidence of those who matter most - the people handing over their private information. As consumers become more wary of how their data is used, there really is no room for excuses or lax security."
LogRhythm urges organisations to make better use of the data generated by networks so that potential threats can be identified before they have a chance to escalate. Using security intelligence platforms such as Security Information and Event Management (SIEM) as part of an integrated Protective Monitoring strategy enables automated, centralised collection and analysis of log data that ensures anomalies are identified as they occur. Developing this deep insight requires the ability to see even minor changes that may occur across the IT estate, such as files being altered or copied to portable storage devices.
The full findings of the survey can be found here: http://logrhythm.com/Portals/0/resources/LogRhythm_Survey_11.2013.pdf
LogRhythm is the largest and fastest growing independent Security Information and Event Management (SIEM) provider in the world. The company's patented and award-winning Security Analytics platform and Network Monitor product empower organisations around the globe to detect breaches and the most sophisticated cyber threats of today, faster and with greater accuracy than ever before. LogRhythm also provides unparalleled compliance automation and assurance as well as IT intelligence to Global 2000 organisations, government agencies and mid-sized businesses worldwide.
Positioned as a Leader in the 2013 SIEM Magic Quadrant and listed as a "Champion" in Info-Tech Research's 2012 SIEM Landscape Report, LogRhythm also earned a perfect, 5-star rating in the 2013 SC Magazine SIEM Group Test for the fifth consecutive year. Additional awards have included Computing Security's Bench Tested Solution of the Year, SC Labs' "Recommended" 5-star designation twice, SC Magazine's Innovator of the Year Award, Readers Trust Award for "Best SIEM" solution and "BEST BUY" designation for Digital Forensics. LogRhythm is headquartered in Boulder, Colorado with operations in North and South America, Europe and the Asia Pacific region. For more information, visit www.logrhythm.com.
For further information, please contact:
Aislinn Collins or Hannah Townsend
020 7401 7968
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Jul. 24, 2016 10:45 PM EDT Reads: 1,960
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 24, 2016 10:00 PM EDT Reads: 1,941
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 24, 2016 09:45 PM EDT Reads: 1,902
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Jul. 24, 2016 09:45 PM EDT Reads: 1,624
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jul. 24, 2016 09:45 PM EDT Reads: 2,116
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 09:00 PM EDT Reads: 1,463
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 24, 2016 09:00 PM EDT Reads: 2,457
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 24, 2016 07:45 PM EDT Reads: 1,846
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 24, 2016 07:30 PM EDT Reads: 1,687
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 07:30 PM EDT Reads: 2,049
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 24, 2016 07:30 PM EDT Reads: 1,706
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 24, 2016 07:15 PM EDT Reads: 1,854
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 24, 2016 07:00 PM EDT Reads: 1,927
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 24, 2016 06:45 PM EDT Reads: 2,034
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 06:45 PM EDT Reads: 1,756