Story image

61% of IT professionals have experienced serious data breach - McAfee

02 May 2019

Cybersecurity company McAfee has released its Grand Theft Data II – The Drivers and Shifting State of Data Breaches report, which revealed that despite improvements in combating cybercrime and threats, IT security professionals are still struggling to fully secure their organisation and protect against breaches with 61% claiming to have experienced a data breach at their current employer.

Adding to this challenge, data breaches are becoming more serious as cybercriminals continue to target intellectual property putting the reputation of the company brand at risk and increasing financial liability. 

McAfee’s study demonstrates the need for a cybersecurity strategy that includes implementing integrated security solutions combined with employee training and an overall culture of security throughout the organisation to reduce future breaches.

“Threats have evolved and will continue to become even more sophisticated,” says McAfee vice president and chief technical strategist Candace Worley.

“Organisations need to augment security measures by implementing a culture of security and emphasising that all employees are part of an organisation’s security posture, not just the IT team.

“To stay ahead of threats, it is critical companies provide a holistic approach to improving security process by not only utilising an integrated security solution but also practicing good security hygiene.”

Key highlights from the report include the following:

  • Savvier thieves: Data is now being stolen by a wide range of methods, with no single technique dominating the industry. The top vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.
     
  • IP tied for first: Personally identifiable information (PII) and intellectual property (IP) are now tied as the data categories with the highest potential impact to 43% of respondents. Notably, PII is of greater concern in Europe (49%), most likely due to the recent enforcement date of the General Data Protection Regulation (GDPR). In Asia-Pacific countries, intellectual property theft is of greater concern (51%) than PII.  
     
  • Blame game: IT is looked at as the culprit with 52% of respondents claiming IT is at fault for creating the most data leakage events. Business operations (29%) follows as the next most likely to be involved. Highly regulated internal groups including finance (12%) and legal (6%) were the most secure.
     
  • The great divide: Security technology continues to operate in isolation, with 81% reporting separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP), resulting in delayed detection and remediation actions.
     
  • Taking responsibility: There is a rift in regard to accountability – 55% of IT professionals believe that C-level executives should lose their job if a breach is serious enough, yet 61% also state that the C-level executives they work with expect more lenient security policies for themselves.
     
  • Future-proofing: IT professionals are taking action, with almost two-thirds stating they have purchased additional DLP, CASB and endpoint detection solutions over the last 12 months. Respondents believe that between 65 and 80% of breaches experienced would have likely been prevented if one or more of these systems had been installed.

The stakes are higher as multiple attack methods are now used in a breach as cybercriminals continue to target personal data and intellectual property.

Furthermore, IT security teams are increasingly concerned about external threat actors compromising their network, which has forced more organisations to publicly disclose when breaches occur.

The severity of publicly disclosing breaches results not only in financial repercussions but damage to brand and reputation as well.

Bitglass appoints new cloud, business development leaders
The cloud security company has appointed vice presidents for worldwide channels and worldwide business development.
Ping Identity offerings accelerates cloud MFA and SSO adoption
90% of respondents trust MFA as an effective security control to protect identity data in public clouds, yet only 60% of organisations have formally adopted it.
Trend Micro introduces cloud and container workload security offering
Container security capabilities added to Trend Micro Deep Security have elevated protection across the DevOps lifecycle and runtime stack.
Veeam joins the ranks of $1bil-revenue software companies
It’s also marked a milestone of 350,000 customers and outlined how it will begin the next stage of its growth.
Veeam enables secondary storage solutions with technology partner program
Veeam has worked with its strategic technology alliance partners to provide flexible deployment options for customers that have continually led to tighter levels of integration.
Veeam Availability Orchestrator update aims to democratise DR
The ability to automatically test, document and reliably recover entire sites, as well as individual workloads from backups in a completely orchestrated way lowers the total cost of ownership (TCO) of DR.
EXCLUSIVE: Forcepoint global channel chief talks strategy
As a solution sold 100% via the channel, cybersecurity solutions company Forcepoint places a strong emphasis on its partner relationships.
Salesforce continues to stumble after critical outage
“To all of our Salesforce customers, please be aware that we are experiencing a major issue with our service and apologise for the impact it is having on you."