Cloud

1/22/2018
04:05 PM
50%
50%

Most Companies Suffer Reputation Damage After Security Incidents

New Kroll Annual Global Fraud & Risk Report says 86% of companies worldwide experienced security incidents and information theft and loss in the past twelve months.

Seventy percent of organizations worldwide suffered at least one security incident during the past year - up from 68% in the previous year, a new study by Kroll found.

Meanwhile, security incidents and information theft and loss hit some 86% of companies in the past twelve months. The new 2017/18 Kroll Annual Global Fraud & Risk Report also shows that physical theft or loss of intellectual property most commonly occured these security incidents, at 41%.

"People instinctively think about data being targeted by cyber attacks, but not all threats to information are confined to the digital realm. There is a convergence between physical and digital threats, with issues arising from equipment with sensitive data being stolen or lost, for example, or employees with access to highly sensitive information accidentally or intentionally causing a breach," said Jason Smolanoff, senior managing director and global cyber security practice leader for Kroll.

Nearly two-thirds of companies said incidents due to fraud (65%), cyber (67%), or security (66%) incidents had damaged their reputations. Some 23% say their company suffered losses of 7% or more in revenues.

Read the full report here

 

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Marilyn Cohodas
50%
50%
Marilyn Cohodas,
User Rank: Strategist
1/23/2018 | 1:04:58 PM
Re: Please correct the link to the report
Thanks, Jason. The link has been fixed. 
JasonofB
50%
50%
JasonofB,
User Rank: Apprentice
1/23/2018 | 11:44:41 AM
Please correct the link to the report
It points to the C drive of the author.
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
1/23/2018 | 8:24:57 AM
7% is tough but...
7% loss is a rough hit to take financially however brand reputation is monumental amongst many industries and can cripple your business. Just look at Arthur Andersen, the firm that was in charge of Enron auditing. Based on negative brand reputation due to unethical practices there big 5 firm was driven to extinction.
Election Websites, Back-End Systems Most at Risk of Cyberattack in Midterms
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/14/2018
Intel Reveals New Spectre-Like Vulnerability
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/15/2018
Australian Teen Hacked Apple Network
Dark Reading Staff 8/17/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-15504
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. The server mishandles some HTTP request fields associated with time, which results in a NULL pointer dereference, as demonstrated by If-Modified-Since or If-Unmodified-Since with a month greater than 11.
CVE-2018-15505
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. An HTTP POST request with a specially crafted "Host" header field may cause a NULL pointer dereference and thus cause a denial of service, as demonstrated by the lack of a trailing ']' character in an IPv6 a...
CVE-2018-15492
PUBLISHED: 2018-08-18
A vulnerability in the lservnt.exe component of Sentinel License Manager version 8.5.3.35 (fixed in 8.5.3.2403) causes UDP amplification.
CVE-2018-15494
PUBLISHED: 2018-08-18
In Dojo Toolkit before 1.14, there is unescaped string injection in dojox/Grid/DataGrid.
CVE-2018-15495
PUBLISHED: 2018-08-18
/filemanager/upload.php in Responsive FileManager before 9.13.3 allows Directory Traversal and SSRF because the url parameter is used directly in a curl_exec call, as demonstrated by a file:///etc/passwd value.