Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
 

Recommended Reading:

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.
Cloud Security Startup Lightspin Emerges From Stealth
Kelly Sheridan, Staff Editor, Dark Reading,  11/24/2020
Look Beyond the 'Big 5' in Cyberattacks
Robert Lemos, Contributing Writer,  11/25/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: We are really excited about our new two tone authentication system!
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-29440
PUBLISHED: 2020-11-30
Tesla Model X vehicles before 2020-11-23 do not perform certificate validation during an attempt to pair a new key fob with the body control module (BCM). This allows an attacker (who is inside a vehicle, or is otherwise able to send data over the CAN bus) to start and drive the vehicle with a spoof...
CVE-2020-29441
PUBLISHED: 2020-11-30
An issue was discovered in the Upload Widget in OutSystems Platform 10 before 10.0.1019.0. An unauthenticated attacker can upload arbitrary files. In some cases, this attack may consume the available database space (Denial of Service), corrupt legitimate data if files are being processed asynchronou...
CVE-2020-4127
PUBLISHED: 2020-11-30
HCL Domino is susceptible to a Login CSRF vulnerability. With a valid credential, an attacker could trick a user into accessing a system under another ID or use an intranet user's system to access internal systems from the internet. Fixes are available in HCL Domino versions 9.0.1 FP10 IF6, 10.0.1 F...
CVE-2020-11867
PUBLISHED: 2020-11-30
Audacity through 2.3.3 saves temporary files to /var/tmp/audacity-$USER by default. After Audacity creates the temporary directory, it sets its permissions to 755. Any user on the system can read and play the temporary audio .au files located there.
CVE-2020-16849
PUBLISHED: 2020-11-30
An issue was discovered on Canon MF237w 06.07 devices. An "Improper Handling of Length Parameter Inconsistency" issue in the IPv4/ICMPv4 component, when handling a packet sent by an unauthenticated network attacker, may expose Sensitive Information.