Risk // Compliance
5/8/2014
08:20 AM
Tim Wilson
Tim Wilson
Quick Hits
Connect Directly
RSS
E-Mail
50%
50%

Study: Many UK Retail, Financial Firms Still Don't Understand Security Risks

Despite recent breaches, many UK retailers and financial firms haven't upgraded their online security strategies.

Despite a recent spate of breaches affecting their industries, many UK retailers and financial firms still aren't taking the steps they need to protect their data online, according to a study published Wednesday.

The survey of UK retail and financial firms, conducted by Atomic Research and sponsored by security vendor Tripwire, indicates that many companies in both industries still are not sure if their defenses are adequate to protect customer data. Nearly a quarter of respondents (24 percent) have already suffered a data breach involving personally identifiable information.

Thirty-six percent of respondents do not have confidence in their cyber incident response plans, the study says. Fifty-one percent of respondents are only somewhat confident that their security controls can detect malicious applications. Just 60 percent of UK retailers and financial firms feel that their systems have been hardened enough to prevent a breach similar to those seen recently in the news.

Sixty percent of respondents said they remain confident that their security controls will be able to prevent the loss of data files. Forty percent said they do not believe that recent high-profile breaches have changed the level of attention executives give to security.

While most security professionals regard the Payment Card Industry's Data Security Standard as a bare minimum, 43 percent of survey respondents said PCI is the "backbone" of their security programs. Thirty-six percent said PCI is half of their security programs.

"It is great that recent breaches have increased cybersecurity awareness and internal dialogue," says Dwayne Melancon, CTO at Tripwire. "However, the improved internal communication may be biased by a false sense of security. For example, 95 percent of respondents said they would be able to detect a breach on critical systems within a week. In reality, nearly all of the recent publicly disclosed breaches have gone on for months without detection." 

Tim Wilson is Editor in Chief and co-founder of Dark Reading.com, UBM Tech's online community for information security professionals. He is responsible for managing the site, assigning and editing content, and writing breaking news stories. Wilson has been recognized as one ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Dark Reading Newsletters
White Papers
Flash Poll
Current Issue
Cartoon
Video
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2014-3562
Published: 2014-08-21
Red Hat Directory Server 8 and 389 Directory Server, when debugging is enabled, allows remote attackers to obtain sensitive replicated metadata by searching the directory.

CVE-2014-3577
Published: 2014-08-21
org.apache.http.conn.ssl.AbstractVerifier in Apache HttpComponents HttpClient before 4.3.5 and HttpAsyncClient before 4.0.2 does not properly verify that the server hostname matches a domain name in the subject's Common Name (CN) or subjectAltName field of the X.509 certificate, which allows man-in-...

CVE-2014-5158
Published: 2014-08-21
The (1) av-centerd SOAP service and (2) backup command in the ossim-framework service in AlienVault OSSIM before 4.6.0 allows remote attackers to execute arbitrary commands via unspecified vectors.

CVE-2014-5159
Published: 2014-08-21
SQL injection vulnerability in the ossim-framework service in AlienVault OSSIM before 4.6.0 allows remote attackers to execute arbitrary SQL commands via the ws_data parameter.

CVE-2014-5210
Published: 2014-08-21
The av-centerd SOAP service in AlienVault OSSIM before 4.7.0 allows remote attackers to execute arbitrary commands via a crafted (1) remote_task or (2) get_license request, a different vulnerability than CVE-2014-3804 and CVE-2014-3805.

Best of the Web
Dark Reading Radio
Archived Dark Reading Radio
Three interviews on critical embedded systems and security, recorded at Black Hat 2014 in Las Vegas.