Feeds

UK data breach incidents on the rise

Security measures compromised by human dimwittery

The Essential Guide to IT Transformation

Seven in ten UK organisations experienced a data breach incident over the last year, up from 60 per cent in the previous year.

The third edition of an annual survey by the Ponemon Institute, sponsored by PGP, also found that 12 per cent of 615 public and private sector organisations probed were hit by five data loss incidents over the previous year. Less than half of these breaches (43 per cent) were disclosed publicly, while disclosure of the remainder was neither a legal or regulatory requirement.

The public sector (reporting an average of 4.48 breaches per organisation) and financial services firms (3.11 incidents per year) were worst affected by data security problems. By contrast, none of the entertainment, media or defence firms polled reported any problems.

One third of firms unaffected by data loss incident had introduced an enterprise-wide encryption policy, something PGP argues is needed to tackle data loss problems posed by lost laptops and stolen smart phones.

The study found that the majority (57 per cent) of UK organisations are using some form of encryption technology, most frequently file and database server encryption or Virtual Private Networks. Around a third (34 per cent) of current UK corporate spending in encryption is focused on key management, the survey further reports.

A separate recent study by the Ponemon Institute estimates that data breaches cost around £60 per compromised record. However, since the estimation of financial losses arising from data security breaches is a notoriously inexact science, it would be wise to treat this figure with caution.

The growth in the number of data breaches is happening at the same time as awareness of the importance of protecting sensitive data is also on the rise, with 61 per cent describing data protection as either "important" or "very important" in wider risk management efforts. The EU Privacy Directive was cited as the most important regulation in the area, followed by the credit card industry's PCI DSS requirements and the UK Data Protection Directive. ®

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
Four fake Google haxbots hit YOUR WEBSITE every day
Goog the perfect ruse to slip into SEO orfice
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.