• Advertise
  • Subscribe
  • Forums
  • Buyer's Guide
  • Contact Us
  • Connect on LinkedIn
    1. Cybersecurity
    2. Information Security
    3. Computer and Network Security Software

    Tripwire Survey: Less than 1 in 5 enterprises have a customer notification plan in place in the event of a data breach

    Feb. 2, 2018
    Three-quarters of companies’ subject to GDPR think they could meet the 72-hour notification window, despite the fact that the majority do not have a fully baked customer notification plan in place
    Related To: Tripwire
    Tripwire, Inc., a leading global provider of endpoint protection and response, security and compliance solutions, today announced the results of a survey of 198 security professionals attending the RSA Conference 2016. Of those surveyed, 81 percent of respondents said it is either very likely or certain that cybercriminals would abuse the government’s capability to access encrypted data if technology companies are required to provide it.
    Tripwire, Inc., a leading global provider of endpoint protection and response, security and compliance solutions, today announced the results of a survey of 198 security professionals attending the RSA Conference 2016. Of those surveyed, 81 percent of respondents said it is either very likely or certain that cybercriminals would abuse the government’s capability to access encrypted data if technology companies are required to provide it.

    PORTLAND, Ore. – Feb. 1, 2018 – The European Union's General Data Protection Regulation (GDPR) goes into effect this May and lawmakers in the U.S. are proposing stricter data breach legislation. With increased pressure on companies to better protect data and improve notification procedures in the event of a data breach, Tripwire, Inc. surveyed 406 cybersecurity professionals to see how prepared organizations are feeling.

    Findings from the study revealed that just over three quarters (77 percent) of companies subject to GDPR could meet the 72-hour notification window, with 24 percent claiming they could notify customers of a data breach within 24 hours. In addition, when asked how prepared their organization was to notify customers in the event of a data breach, less than a fifth (18 percent) said that they were fully prepared with a process in place. The majority (73 percent) said they were ‘somewhat prepared’ and would have to figure things out ‘on the fly.’

    “When it comes to cybersecurity, it’s short-sighted to figure things out ‘on the fly,’” said Tim Erlin, vice president of product management and strategy at Tripwire. “The majority of data breaches and security incidents can be avoided by following basic security steps and implementing tried and tested foundational controls. With GDPR coming into effect this year, running a business without a fully baked plan is really asking for trouble.”

    When asked to characterize their company’s capabilities for knowing where its customer data is stored versus for protecting customer data, respondents were more confident in knowing where the data is. Over a third (35 percent) said their knowledge of where the customer data is stored is ‘excellent’ by comparison to just over a fifth (21 percent) saying the same for their ability to protect customer data.

    Other findings from the study revealed that most don’t feel they are fully prepared for any aspect of a security breach. Less than a fifth (18 percent) felt they were fully prepared with a cross-functional team in place to work across IT, finance and communications. Nearly three quarters (73 percent) were not fully prepared to protect customers and only a fifth (22 percent) felt prepared to absorb potential financial penalties as a result of a security breach.

    Erlin added: “There are plenty of tried and tested frameworks available from governing bodies in the cybersecurity space that can help organizations who feel like they’re struggling to prepare for a security incident and more specifically, GDPR. If you are an organization subject to GDPR – and as the rules apply to all companies worldwide that process personal data of European Union (EU) data subjects, that will be the majority of global businesses - you are not alone. Start researching for resources that cater to your needs now to help you prepare, so that you aren’t hit with a big fine come May 2018.”

    This study was commissioned by Tripwire and carried out by Dimensional Research in November 2017. A total of 406 qualified participants completed the survey. All participants had responsibility for IT security as a significant part of their job and worked at companies with more than 100 employees.

    About Tripwire

    Tripwire is a leading provider of integrity assurance solutions that improve security, compliance and IT operations in enterprises, industrial organizations, service providers and government agencies. Tripwire solutions are based on high-fidelity asset visibility and deep endpoint intelligence combined with business context; together, these solutions integrate and automate security and IT operations. Tripwire’s enterprise-class portfolio includes file integrity monitoring, configuration management, asset discovery, vulnerability management and log collection that supports all widely used industry-standard frameworks.

    Learn more at www.tripwire.com, get security news, trends and insights at www.tripwire.com/blog, or follow us on Twitter @TripwireInc.