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Friday, June 14, 2013

Varonis welcomes Bank of England’s high levels of concern on cyberattacks

“Our observations suggest that the vast number of breaches occurring on an almost daily basis indicates that businesses – just like individuals – are still struggling to get the basics right when it comes to securing their data.” — David Gibson, Varonis Vice President . “In the results of a survey we released in April of this year (http://bit.ly/YgmFu3), we found that 91% of people trust businesses to keep their data safe – despite PWC reported data breaches for 93% of large organisations and 87% of small businesses being seen so far this year,” he added.


David Gibson, vice president with the data governance software specialist, said that Andrew Haldane of the Bank of England is right to be concerned about the issue, as it is clear that cybercriminals are now after any customer data they can extract from financial services institutions like banks, in order to monetise their frauds.


The key question, the Varonis VP went on to say, is that it is clear that consumers value the security of their data very highly – as witnessed by the fact that 97% of survey respondents said they are more willing to do business with a company that protects their data.


“Our survey results (http://www.varonis.com/research/#maturity) suggest that the vast number of breaches occurring on an almost daily basis indicates that businesses – just like individuals – are still struggling to get the basics right when it comes to securing their data,” he said.


“For this reason, all businesses – and not just banks – have a role to play in eradicating their bad digital habits and taking more control of their security by implementing basic security best practices – such as ensuring that staff only have access to the data they need, that all access to all data is monitored, and abuse is investigated,” he added.


Link: http://www.securitypark.co.uk/varonis-welcomes-bank-of-englands-high-levels-of-concern-on-cyberattacks/

 

Posted on 06/14
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