One year on from the introduction of GDPR, nCipher Security‘s survey of IT leaders reveals an insight into how businesses are dealing with the legislation.
The implementation of the General Data Protection Regulation (GDPR) means organisations must report a breach within 72 hours of becoming aware of the fact.
The survey revealed that IT leaders are ‘alarmingly wiling to cover up a data breach, with more than 3 in 5 (61%) saying they would do so if it meant they could escape fines’.
The report also found that the cloud was most widely seen as the biggest threat to organisations, with 63% seeing the emerging technology as worrying. However, 80% of respondents claimed they’re using these kind of technologies to improve threat identities within their business.
Another key finding was that only 28% of organisations provide security training to new employees, and only 63% of businesses update their training annually.
This means most businesses consist of employees that aren’t up to date on cyber-security practices.
To read the full report, click here.
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60% of those small businesses will fail within their first five years.
The number of reported breaches is up 54% this year compared to the same period in 2018.