The patching of the software led to the problems and the Equifax breach that occurred last year but it is not the sole reason. About 145 million customers were affected in total and it is considered to be a disaster for the IT security department of the company. The customers of the company are asking how the hackers moved the systems so smoothly.
This is a question that has been answered by the report published by the US Government Accountability Office or the GAO. This 40-page report provides in-depth study about the breach. The office is of the view that patching failure is not the only cause of the problem. Lack of reporting structure and the collaboration was the other reason for the issue. The other reasons also include lack of data governance and IT asset management.
Attacks Hit Many UK Firms
- Government report says seven in ten large companies identified a breach or attack with firms holding personal data more likely to be attacked primarily by fraudulent emails, followed by viruses and
- Businesses large and small are being urged to protect themselves against cyber-crime after new government statistics found more than half of all UK businesses suffered a cyber-breach or attack in the past 12
- The Cyber-Security Breaches Survey 2017 reveals nearly seven in ten large businesses identified a breach or attack, with the average cost to large businesses of all breaches over the period being £20,000 and in some cases reaching
- The survey also shows businesses holding electronic personal data on customers were much more likely to suffer cyber-breaches than those that do not (51% compared to 37%)
- The Cyber-Breaches Survey is part of the UK government’s five-year national cyber-security strategy to transform this country’s cyber-security and to protect the UK online. As part of the strategy, the government recently opened the new National Cyber-Security Centre (NCSC), a part of
It’s the shortest month of the year, but it has not been short of breaches or cyber attacks.
Are You Covered For CyberAttack ?
BLOOMFIELD, Conn.—A recent study from NTT Com Security, found that 49 percent of the U.S. companies surveyed currently do not have insurance specifically for cybersecurity attacks.
NTT Com Security surveyed 1,000 “non-IT business decision makers in organizations in the U.K., U.S., Germany, France, Sweden, Norway and Switzerland,” for the report.
“Faced with risks every day, it’s easy for organizations to look for quick-fix solutions rather than focusing on building a solid security and risk management strategy,” Garry Sidaway, SVP security strategy and alliances for NTT Com Security, said in a prepared statement.
“Rather than relying solely on an insurance policy to cover losses, businesses need a different game plan. Buy insurance by all means, but ensure that you can demonstrate that you have put controls in place to reduce your risks, and, what these controls cover. This way you know what is being insured,” he said.
While a majority of global organizations believe information security breach insurance is crucial, less than half—41 percent—are fully covered for both security breaches and data loss, and just over one-third have dedicated cybersecurity insurance, according to the company’s 2016 Risk:Value report.
U.S. businesses are the most likely to have this type of insurance, 51 percent, compared to 26 percent in the U.K.
“Security needs to be embedded into the culture of an organization, from top to bottom, championed by the CEO, designed and executed by the CISO and communicated effectively so that every employee takes responsibility for ensuring that good practices are followed,”