Despite the increasing number of online security breaches reported in the news, many organizations have not improved their security. The 2013 State of Cybercrime Survey has revealed that most organizations are dismissive about threats to the security of both their data and their customers’.
Just yesterday the Survey was released by CSO Magazine and PwC US. The Survey was completed in coordination with the FBI, The US Secret Service, and the CERT Program of the Software Engineering Institute at Carnegie Mellon University. The Survey had over 500 participants including security experts, US executives and other members of the public and private sectors.The Survey clearly exposes the failure of organizations to take effective steps to secure themselves against online data theft.
Security Efforts Sorely Lacking
The Survey reveals that efforts to protect against the increasing number and sophistication of attacks are mostly unsuccessful. Moreover, not much has been done in the area of security solutions development, which may be the reason for the failure to progress. Insufficient security measures threaten not only company data, but the sensitive data of employees and consumers.
The laxness in security furthermore poses an even greater threat, security experts said. Data leaks from one organization lead to follow-up attacks. As the data trail is followed, hackers are pointed toward other data sources, and further security holes are found and manipulated. More and more data is extracted, effectively providing hackers with a very large collection of personal and corporate information. This datais together effectively used to stage widespread hacks on financial institutions and services.
Security a Business Imperative, but Individuals Should Help
The threat is not only to individual and company bank accounts, says PwC official David Burg. There is a very serious threat to the country’s infrastructure. The interconnected nature of business today has given organized crime an easier path, says CSO Vice President Bob Bragdon. The threat is at the doorstep, and yet organizations are not concerned enough about their levels of preparedness.
Organizations must understand and accept the responsibility for the roles they play in maintaining the stability of the system. This begins with basic business security practices that focus on locking up data systems with a true dedication to protecting information.Burg stresses that the move toward effective cybersecurity must begin as a business initiative. He calls on executives to take heed of the warnings and implement proper procedures signaled by cyber threat intelligence, and to educate employees to ensure they too are fully aware and sufficiently zealous about online security.
Individuals who interact with these various organizations must also do their part, security experts repeatedly say. Many consumers have taken steps to protect their online traffic with different services, the most popular today being safe browser applications, web proxies, and virtual private networks (VPNs). The experts report that they are in favor of the more secure VPNs. For more information on different VPN provider security, please browse our VPN list. The experts also expressed their pleasure with the news that individuals are taking these steps to do this important part in the fight against the large-scale cyber attacks.
In conclusion, data from the Survey points to the need for and attentive and pre-emptive and responsive security strategy for organizations, their employees, and individual consumers. Technology plays a big role here, and systems must be set in place on all levels to mitigate cyber threats at every available entrance.
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