This is startling data. 40% of respondents in a recent global survey were told NOT to report a cyber breach in a timely manner. And 70% of those respondents from the U.S. were told to not disclose.
Now the Securities & Exchange Commission (SEC) is stepping in. They have proposed a new rule that would require an annual report on corporate boards' cybersecurity expertise.
Of course, the best defense against all of this is to identify all of your potential vulnerabilities and close them off from attack.
More than 2 in 5 IT and security professionals in the U.S. and Western Europe have been told to keep a cyber breach confidential, despite knowing the incidents should be disclosed, according to a report released Wednesday from Bitdefender. The disparity in the U.S. is even more stark — 7 in 10 IT and security professionals said they were given the same instructions. The report is based on a survey of 400 IT and security professionals in the U.S., U.K., Germany, France, Spain and Italy.
https://www.cybersecuritydive.com/news/it-security-data-breaches-disclosure/647010/
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