Press Room – Information Security and Data Privacy – w2#1016

1. ‘Security Fatigue’ Can Cause Computer Users to Feel Hopeless and Act Recklessly, New Study Suggests

After updating your password for the umpteenth time, have you resorted to using one you know you’ll remember because you’ve used it before? Have you ever given up on an online purchase because you just didn’t feel like creating a new account?

If you have done any of those things, it might be the result of “security fatigue.” It exposes online users to risk and costs businesses money in lost customers.

 

2. PWC Report regarding Privacy an CyberSecurity

How organizations are adopting innovative safeguards to manage threats and achieve competitive advantages in a digital era

http://www.pwc.com/gx/en/information-security-survey/assets/gsiss-report-cybersecurity-privacy-safeguards.pdf

3. A closer look at data breach preparedness

While most organizations have a data breach preparedness plan in place, executives are not updating or practicing the plan regularly and lack confidence in its effectiveness, according to a study by the Ponemon Institute.

ponemon-102016-1

Second hacker group targets SWIFT users, Symantec warns

Cyber-security firm Symantec Corp said on Tuesday that a second hacking group has sought to rob banks using fraudulent SWIFT messages, the same approach that yielded $81 million in the high-profile February attack on Bangladesh’s central bank.

Symantec said that a group dubbed Odinaff has infected 10 to 20 organizations with malware that can be used to hide fraudulent transfer requests made over SWIFT, the messaging system that is a lynchpin of the global financial system.

Symantec’s research provided new insight into ongoing hacking that has previously been disclosed by SWIFT. SWIFT Chief Executive Gottfried Leibbrandt last month told customers about three hacks and warned that cyber attacks on banks are poised to rise.

 

4. GDPR: Survey Finds Only 3% of Companies Have a Compliance Plan in Place (pdf)

GDPR – Perceptions and Readiness A Global Survey of Data Privacy Professionals at companies with European Customers – Dell and Dimensional Research

Companies are still working on a GDPR compliance plan (37%), trying to figure out who needs to be involved in putting a plan in place (27%), or have not started planning (33%); 58% believe only a few changes need to be made to existing practices to become compliant, 27% believe significant changes need to be made, 8% believe they are fully compliant with no changes required, and 7% are not compliant at all.

 

 

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