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Data breach incidents remain undisclosed by Companies

November 3rd, 2013

According to enterprise malware analysts, half of the data breach incidents suffered by U.S. companies go undisclosed.

As per a new survey, 57 percent of malware analysts working on enterprise-related data breaches have addressed security problems that U.S. firms failed to disclose. In order to save reputations or avoid difficult questions by customers and investors, it may be that data breaches are more widespread than first believed, and businesses are far behind in the fight against cyberattackers.

Attempts of attack on security and cyberattacks have become major problems for companies all over the world. If successfully breached, a company network could become an open treasure for hackers, potentially full of customer details including telephone numbers, addresses and card details, sensitive corporate data, or information which impacts national infrastructure security. LivingSocial, Evernote and the Federal Reserve are a among those to be victims of high-profile breaches  taken place this year.

In 2013, Verizon’s Data Breach Investigations Report found that 621 data breaches were confirmed in the year 2012. However when compaired to ThreatTrack’s data which says 66 percent of malware analysts working with 500+ employee enterprises have dealt with undisclosed security problems, the confirmed 621 attack number may somehow be underreported.

“While it is discouraging that so many malware analysts are aware of data breaches that enterprises have not disclosed, it is no surprise that the breaches are occurring. Every day, malware becomes more sophisticated, and U.S. enterprises are constantly targeted for cyber espionage campaigns from overseas competitors and foreign governments. This study reveals that malware analysts are acutely aware of the threats they face, and while many of them report progress in their ability to combat cyber-attacks, they also point out deficiencies in resources and tools.” said ThreatTrack CEO Julian Waits.

To no surprise, 40 percent of respondents said that skilled help is in short supply, this is one of the most difficult aspects of their roles. In an interesting twist, many of the malware analysts said the majority of their time was taken up, thanks to the Internet habits of executives who through browsing pornography sites, clicking on phishing emails and installing malicious apps allow malware to infiltrate networks.

Alertsec strengthens security

Alertsec has created a web based encryption service that radically simplifies deployment and management of PC encryption by using industry leading Check Point Full Disk Encryption (former Pointsec) software.

Organizations, especially corporate giants, have to have an information security policy in place that proves they have taken necessary steps and measures to safeguard the information they gathered. If these policies are not adhered to, the regulators may prosecute.

Alertsec Xpress is used by organizations that have recognized the need to protect their information. Customers range from single-user sole traders and consultants to multinational companies with a large number of offices around the globe. Over 4 million users worldwide use Alertsec Xpress’s Check Point Full Disk Encryption.

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