IT disaster recovery, cloud computing and information security news

Reputation damage is the biggest impact of data breaches: survey

Cyber risk research carried out by YouGov on behalf of Noddle Protect amongst senior decision-makers in large businesses, has revealed that if businesses were to fall victim to a data breach, 57 percent say their biggest concern would be damage to their reputation , ahead of a loss of customers (17 percent), fine by a regulator (8 percent) or fall in share price (7 percent).

A significant 81 percent of business decision-makers say their business is prepared to tackle a data breach compared to 12 percent who say they are not.  In order to protect themselves against a data breach, 53 percent say their business has put in place a business continuity plan, whilst 43 percent have a crisis management plan; but only 39 percent have put in place a security monitoring team and only 38 percent had appointed a board director with responsibility for IT security such as a chief risk officer or chief data officer.

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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

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