cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security
No Result
View All Result
Interviews, IT and Technology News India | CXO VOICE
No Result
View All Result
Home News Cyber Security

McAfee research report reveals more than 50 percent of IT professionals have faced data breach

News Desk by News Desk
April 30, 2019
Reading Time: 3 mins read
Mcafee data breach report
Share on FacebookShare on TwitterShare on Linkedin

McAfee’s New research report of Grand Theft Data II – The Drivers and Shifting State of Data Breaches revealed that cyber security still a big challenge for organizations and IT professionals. McAfee’s data breach report shows approx 61 percent IT security professionals faced serious data breaches.

Key findings of McAfee’s research report

  1. Top three vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.
  2. Nearly three-quarters of all breaches require public disclosure, putting brand reputation at risk.
  3. Eighty-one percent of IT professionals report separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP).
  4. Intellectual property (IP) surpasses payment card data to tie personally identifiable information (PII) as top target for thieves.

“Threats have evolved and will continue to become even more sophisticated,” said Candace Worley, vice president and chief technical strategist at McAfee. “Organizations need to augment security measures by implementing a culture of security and emphasizing that all employees are part of an organization’s security posture, not just the IT team. To stay ahead of threats, it is critical companies provide a holistic approach to improving security process by not only utilizing an integrated security solution but also practicing good security hygiene.”

McAfee’s Research Data highlights the following 6 Points

1. Savvier thieves

Data is now being stolen by a wide range of methods, with no single technique dominating the industry. The top vectors used to exfiltrate data are database leaks, cloud applications and removable USB drives.

2. IP tied for 1st

Personally identifiable information (PII) and intellectual property (IP) are now tied as the data categories with the highest potential impact to 43% of respondents. Notably, PII is of greater concern in Europe (49%), most likely due to the recent enforcement date of the General Data Protection Regulation (GDPR). In Asia-Pacific countries, intellectual property theft is of greater concern (51%) than PII.  

3. Blame game

IT is looked at as the culprit with 52 percent of respondents claiming IT is at fault for creating the most data leakage events. Business operations (29 percent) follows as the next most likely to be involved. Highly regulated internal groups including finance (12 percent) and legal (6 percent) were the most secure.

4. The great divide

Security technology continues to operate in isolation, with 81 percent reporting separate policies or management consoles for cloud access security broker (CASB) and data loss prevention (DLP), resulting in delayed detection and remediation actions.

5. Taking responsibility

There is a rift in regard to accountability – 55 percent of IT professionals believe that c-level executives should lose their job if a breach is serious enough, yet 61 percent also state that the c-level executives they work with expect more lenient security policies for themselves.

6. Future proofing

IT professionals are taking action, with almost two-thirds stating they have purchased additional DLP, CASB and endpoint detection solutions over the last 12 months. Respondents believe that between 65 and 80 percent of breaches experienced would have likely been prevented if one or more of these systems had been installed.

The stakes are higher as multiple attack methods are now used in a breach as cybercriminals continue to target personal data and intellectual property. Furthermore, cyber security challenges IT security teams are increasingly concerned about external threat actors compromising their network, which has forced more organizations to publicly disclose when breaches occur. The severity of publicly disclosing breaches results not only in financial repercussions but damage to brand and reputation as well.

Tags: Cyber CriminalsCyber ThreatscybersecurityIT professionalsMcAfee Data Breach ReportMcAfee Reseach ReportSecurity Professionals
News Desk

News Desk

by CXO VOICE team memebrs, contact@cxovoice.com

Related Posts

Cloud Data Protection
Cyber Security

Data Protection, a Key Part of Business Continuity

April 18, 2022
digital transformation journey and cybersecurity of digital business
Cyber Security

Cybersecurity Leaders Join Hands To Launch Operational Technology Cybersecurity Coalition

April 13, 2022
Is A Private Cloud More Secure Than A Public?
Cloud

Is Private Cloud More Secure Than Public?

March 11, 2022
cybersecurity
Cyber Security

Top Seven Security and Risk Management Trends for 2022 By Gartner

March 7, 2022
security automation
Cyber Security

What is security automation? And Why is it important?

May 10, 2022
Cyber Security

TCS launches new cyber defense suite to secure enterprise digital transformation journeys

February 24, 2022
Remote Access Trojan
Cyber Security

What is Remote Access Trojan (RAT)? How did an Indian hacking group infect itself with RAT

January 24, 2022
security threats in 2022
Cyber Security

How should business leaders address the cyber security threats in 2022?

January 24, 2022
Load More
Next Post

Dell and Microsoft continue their collaboration to empowering customers digital transformation journey

ADVERTISEMENT

Expert Views

Jaganathan Chelliah
Technology

Installing CCTV Cameras? Here is What You Need to Know

May 17, 2022
Wipro's Digital Database Services (DDS)
Banking

Cloud trends in the BFSI sector set to drive digital transformation in the new financial year

April 26, 2022
Cloud Data Protection
Cyber Security

Data Protection, a Key Part of Business Continuity

April 18, 2022
AI Cloud Enterprises
AI

What can AI Cloud do for Enterprises?

March 9, 2022
Data Modernisation
Technology

4 Key Trends Driving Data Modernization Across The Enterprises

January 28, 2022

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Enterprises, and MSMEs IoT
Leaders Talk

IoT is now seen as an essential enabler for the enterprises to be future ready : Joyjeet Bose

-
Security While Working Remotely interview with Filip Coftas
Cyber Security

Security While Working Remotely [Interview]

-
Akita Security Device Help you Protect your Security During COVID-19 [Interview with Zakir Hussain]
COVID-19

Can Akita Security Device Help you Protect your Security During COVID-19 [Interview]

-
digital transformation and customer experience Newgen software
Interview

Digital Transformation Journey helps Newgen Software Improve Customer Experience [Interview]

-

Entrepreneur

Top 10 Richest Persons In India

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXO VOICE is a premier resource for the enterprises, SMBs and Startups CXOs and business leaders, It enables CXOs and business executives gain access key insights, experts views, analysis, business strategy, and leaders interviews on what’s happening in the market and its impact.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com

Newsletter

Subscribe to our mailing list to receives newsletter direct to your inbox!

  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2022 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
  • Cyber Security

© 2022 CXO VOICE