Digest Stream: Do Not Hide Data Breaches
April 20, 2023
📢 Security incidents and data breaches are serious concerns in today's digital landscape. With the ever-increasing threats and vulnerabilities, it is becoming increasingly difficult to evade such incidents. If you encounter a security incident or data breach, or even suspect one, promptly inform your security team and/or managers.
An investigation must be carried out to identify the nature and scope of the event. If a data breach is discovered that necessitates reporting, it should be duly reported. Data breach reporting requirements are outlined in regulations such as the GDPR in the European Union, HIPAA in the United States, PIPEDA in Canada, and CCPA in California.
👀 Regrettably, a recent survey of 1,000 IT professionals revealed that 42% of respondents were instructed to refrain from reporting data breaches that demanded reporting.
The manner in which you and your organization handle and address data breaches is as crucial as the factors that led to the breaches. Deliberately neglecting to report increases the risk of severe penalties.
Additional key findings from the survey include:
👉 In the past 12 months, 52% of companies have experienced a data breach.
👉 The greatest challenge in cybersecurity is the complexity of technical environments (cloud, hybrid, on-premise) and security solutions.
👉 The most prevalent threats facing companies are software vulnerabilities and social engineering tactics, including phishing.
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