IT teams are told to keep data breaches on a low according to reports. This seems to be the new norm in the industry even though many know that they should be reporting any incidents in regards to data breaches.
IT Teams Data Breaches
New research has now claimed that even though keeping data breaches secret and hiding them from regulators as well as the public at large may result in significant fines, legal fees as well as a tarnished brand image, many businesses still practice it.
A recent report from Atlas VPN claims that nearly half (42%) of IT leaders all over the globe were told to keep cybersecurity incidents to private and to themselves. What’s more, over half of the surveyed businesses stated that they had experienced at least one data breach in the previous 12 months.
There are many obvious reasons why businesses and corporations should be reporting cybersecurity issues and incidents to the authorities, with the most obvious one of them all being customer data theft.
The Importance of Reporting Cyberattacks and Data Breaches
Cybercriminals who get to steal personally identifiable data may utilize it for impersonation and many other types of fraud or even get to sell it to third parties on the dark web. Customers not knowing that they are being impersonated online only get to exacerbate the problem. Furthermore, sharing the type of malware that is used in the attack might get to help other businesses to stay protected.
And even still, almost a third, which is equivalent to 30% of IT pros have kept data breaches a secret, even though deep down they knew that they should be reporting them.
How Countries Ranked In the Research
Among all of the countries that were surveyed for the report, US businesses fared the worst, it was stated, with almost three-quarters (70%) of IT leaders in the country and region being told to keep cyber incidents hush-hush and on the low. Also, over half which is equivalent to 55%, kept data thefts a secret, even though that they knew it was the wrong thing to do.
On the other end of the whole debacle are German businesses, where just above a third (35%) of the whole percentage were told to be quiet, and only 15% on the other hand actually were. Furthermore, over half (54%) were never told to keep a cyber incident a secret.
What an Expert Has To Say About the Research
“In an age where data breaches have become a grim reality, such practice undermines the fundamental principles of transparency, accountability, and proactive risk mitigation. Organizations must recognize that concealing data breaches erodes customers’ trust and hinders the collective effort required to combat cyber threats,” Vilius Kardelis, a cybersecurity writer at Atlas VPV commented.
What Is an Incident Response Team
The IT response team to data breaches is known as the incident response team. They can also be referred to as an incident response unit. This is a group that is responsible for planning for and also responding to IT incidents such as cyber-attacks, data breaches as well as system failures.
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