|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
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 28, 2016 07:00 PM EDT Reads: 1,245
The IoTs 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. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 28, 2016 07:00 PM EDT Reads: 1,950
SYS-CON Events announced today BZ Media LLC has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and Commercial Drone markets.
May. 28, 2016 07:00 PM EDT Reads: 3,577
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
May. 28, 2016 06:45 PM EDT Reads: 2,853
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
May. 28, 2016 06:45 PM EDT Reads: 1,995
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
May. 28, 2016 04:30 PM EDT Reads: 902
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
May. 28, 2016 04:00 PM EDT Reads: 1,678
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
May. 28, 2016 03:45 PM EDT Reads: 2,538
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 28, 2016 03:30 PM EDT Reads: 2,013
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
May. 28, 2016 02:00 PM EDT Reads: 634
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 28, 2016 02:00 PM EDT Reads: 2,924
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 28, 2016 02:00 PM EDT Reads: 1,364
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
May. 28, 2016 01:00 PM EDT Reads: 2,339
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
May. 28, 2016 01:00 PM EDT Reads: 2,002
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
May. 28, 2016 12:00 PM EDT Reads: 564