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.

Operational Security //

Data Leakage

6/5/2018
09:35 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

Security Pros Have Double Standards When It Comes to Breaches

Security professionals are eager to know more about data breaches, except in their own organizations, where mum's the word, according to a new report.

Security professionals are of two minds when it comes to data breaches.

On one side, cybersecurity professionals want as much information about data breaches as possible, especially if the company that is victimized is a partner or customer. However, these same security pros are hesitant to give out information concerning their own breaches, and that includes informing customers immediately following a breach.

These and other attitudes toward data breaches are contained in a new report published June 5 by Thycotic, a security company that offers privileged access management (PAM) security tools. The results are based on interviews with 250 security pros conducted at this year's RSA conference in San Francisco.

Overall, 84% of those surveyed wanted to be notified immediately if a company they worked with had experienced a breach. However, on the flip side of that argument, only 37% would immediately notify their customers if their organization had a breach.

While the number of data breaches fell by about 50% when comparing the first quarter of 2017 to the first quarter of 2018, according to a recent study, it's clear that not every incident is reported and only 32% of respondents told Thycotic that they had owned up to a data breach within their company. (See Number of Data Breach Reports Fell More Than 50% in Q1 Study.)

However, the costs keep increasing. In fact, Kasperky Labs in its own study found that the cost of a breach, whether it's a large enterprise or a small business, is on the rise this year. (See Kaspersky: Data Breaches Cost Enterprises $1.23M.)

The costs of data breaches, coupled with a dual approach to how to respond to and report these incidents, can lead to problems within the industry.


Now entering its fifth year, the 2020 Vision Executive Summit is an exclusive meeting of global CSP executives focused on navigating the disruptive forces at work in telecom today. Join us in Lisbon on December 4-6 to meet with fellow experts as we define the future of next-gen communications and how to make it profitable.

"The current state of global cybersecurity remains chaotic," Joseph Carson, the chief security scientist at Thycotic, wrote in an email to Security Now. He added that costs continue to rise and that businesses need more transparency:

Attacks are not expected to slow down and most respondents expect to fall prey to a cyberattack in 2018. As the rate of incidents escalates, the magnitude of the fiscal impact is driving organizations to be more aggressive in addressing cybersecurity risk. Many executives at organizations are beginning to take a more active role in enforcing policy, mandating awareness training, supporting budgetary increases for cybersecurity-related technology and training.

Carson added that while the sample size of the Thycotic study is small, it is consistent with other reports that the company has conducted about this subject.

The Thycotic report also found:

  • 56% of security pros have an incident response plan and have tested those plans
  • 20% have a communications plan and a contact list in place in case a data breach happens
  • 12% have conducted "Red Team" drills with company executives

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
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
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-2020-16123
PUBLISHED: 2020-12-04
An Ubuntu-specific patch in PulseAudio created a race condition where the snap policy module would fail to identify a client connection from a snap as coming from a snap if SCM_CREDENTIALS were missing, allowing the snap to connect to PulseAudio without proper confinement. This could be exploited by...
CVE-2018-21270
PUBLISHED: 2020-12-03
Versions less than 0.0.6 of the Node.js stringstream module are vulnerable to an out-of-bounds read because of allocation of uninitialized buffers when a number is passed in the input stream (when using Node.js 4.x).
CVE-2020-26248
PUBLISHED: 2020-12-03
In the PrestaShop module "productcomments" before version 4.2.1, an attacker can use a Blind SQL injection to retrieve data or stop the MySQL service. The problem is fixed in 4.2.1 of the module.
CVE-2020-29529
PUBLISHED: 2020-12-03
HashiCorp go-slug before 0.5.0 does not address attempts at directory traversal involving ../ and symlinks.
CVE-2020-29534
PUBLISHED: 2020-12-03
An issue was discovered in the Linux kernel before 5.9.3. io_uring takes a non-refcounted reference to the files_struct of the process that submitted a request, causing execve() to incorrectly optimize unshare_fd(), aka CID-0f2122045b94.