"Mind the (breach) gap": Gemalto research reveals businesses overly confident about keeping hackers at bay, but less so about keeping data safe
(Thomson Reuters ONE) -
* 94% of IT professionals feel perimeter security is effective at keeping
unauthorized users out of their networks
* However, 65% are not extremely confident their data would be secure if
perimeter defences were breached and 68% say unauthorized users can access
their networks
* Businesses are confident in meeting compliance mandates, despite 53% of
companies believing they will not be fully compliant with General Data
Protection Regulation (GDPR) when it becomes enforceable next year
Amsterdam, July 11, 2017 - Despite the increasing number of data breaches and
nearly 1.4 billion data records being lost or stolen in 2016 (source: Breach
Level Index), the vast majority of IT professionals still believe perimeter
security is effective at keeping unauthorized users out of their networks.
However, companies are under investing in technology that adequately protects
their business, according to the findings of the fourth-annual Data Security
Confidence Index released today by Gemalto (Euronext NL0000400653 GTO), the
world leader in digital security.
Surveying 1,050 IT decision makers worldwide, businesses feel that perimeter
security is keeping them safe, with most (94%) believing that it is quite
effective at keeping unauthorized users out of their network. However, 65% are
not extremely confident their data would be protected, should their perimeter be
breached, a slight decrease on last year (69%). Despite this, nearly six in 10
(59%) organizations report that they believe all their sensitive data is secure.
Perimeter security is the focus, but understanding of technology and data
security is lacking
Many businesses are continuing to prioritize perimeter security without
realizing it is largely ineffective against sophisticated cyberattacks.
According to the research findings, 76% said their organization had increased
investment in perimeter security technologies such as firewalls, IDPS,
antivirus, content filtering and anomaly detection to protect against external
attackers. Despite this investment, two thirds (68%) believe that unauthorized
users could access their network, rendering their perimeter security
ineffective.
These findings suggest a lack of confidence in the solutions used, especially
when over a quarter (28%) of organizations have suffered perimeter security
breaches in the past 12 months.
The reality of the situation worsens when considering that, on average, only 8%
of data breached was encrypted.
Businesses' confidence is further undermined by over half of respondents (55%)
not knowing where their sensitive data is stored. In addition, over a third of
businesses do not encrypt valuable information such as payment (32%) or customer
(35%) data. This means that, should the data be stolen, a hacker would have full
access to this information, and can use it for crimes including identify theft,
financial fraud or ransomware.
"It is clear that there is a divide between organizations' perceptions of the
effectiveness of perimeter security and the reality," said Jason Hart, Vice
President and Chief Technology Officer for Data Protection at Gemalto. "By
believing that their data is already secure, businesses are failing to
prioritize the measures necessary to protect their data. Businesses need to be
aware that hackers are after a company's most valuable asset - data. It's
important to focus on protecting this resource, otherwise reality will
inevitably bite those that fail to do so."
Most Businesses are unprepared for GDPR
With the General Data Protection Regulation (GDPR) becoming enforceable in May
2018, businesses must understand how to comply by properly securing personal
data to avoid the risk of administrative fines and reputational damage. However,
over half of respondents (53%) say they do not believe they will be fully
compliant with GDPR by May next year. With less than a year to go, businesses
must begin introducing the correct security protocols in their journey to
reaching GDPR compliance, including encryption, two-factor authentication and
key management strategies.
Hart continues, "Investing in cybersecurity has clearly become more of a focus
for businesses in the last 12 months. However, what is of concern is that so few
are adequately securing the most vulnerable and crucial data they hold, or even
understand where it is stored. This is standing in the way of GDPR compliance,
and before long the businesses that don't improve their cybersecurity will face
severe legal, financial and reputational consequences."
About the survey
Independent technology market research specialist Vanson Bourne surveyed 1,050
IT decision makers across the US, UK, France, Germany, India, Japan, Australia,
Brazil, Benelux the Middle East and South Africa on behalf of Gemalto. The
sample was split between Manufacturing, Healthcare, Financial Services,
Government, Telecoms, Retail, Utilities, Consultation and Real Estate, Insurance
and Legal, IT and other sectors from organizations with 250 to more than 5,000
employees.
Additional Resources
Download the full Data Security Confidence Index
Download the infographic
Visit the website with regional results
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2016 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, our technologies and services
enable businesses and governments to authenticate identities and protect data so
they stay safe and enable services in personal devices, connected objects, the
cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise
security and the internet of things. We authenticate people, transactions and
objects, encrypt data and create value for software - enabling our clients to
deliver secure digital services for billions of individuals and things.
Our 15,000+ employees operate out of 112 offices, 43 personalization and data
centers, and 30 research and software development centers located in 48
countries.
For more information visit www.gemalto.com, or follow (at)gemalto on Twitter.
Gemalto media contacts:
Philippe Benitez Kristel Teyras Shintaro Suzuki
Americas Europe Middle East & Asia Pacific
+1 512 257 3869 Africa +65 6317 8266
philippe.benitez(at)gemalto.com +33 1 55 01 57 89 shintaro.suzuki(at)gemalto.com
kristel.teyras(at)gemalto.com
11 July Data Security Confidence Index:
http://hugin.info/159293/R/2119363/807135.jpg
Press release (PDF):
http://hugin.info/159293/R/2119363/807179.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 11.07.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 551722
Anzahl Zeichen: 7943
contact information:
Town:
Meudon
Kategorie:
Business News
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""Mind the (breach) gap": Gemalto research reveals businesses overly confident about keeping hackers at bay, but less so about keeping data safe"
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