Companies More Concerned With Private Data Loss Than With Hackers
With network security top of mind, businesses are nearly two times more concerned with losing private data (47 percent ) than hackers disrupting their systems (26 percent), according to the 2016 Network Security and Data Privacy Study, by Wells Fargo Insurance. Misuse of technology among employees also emerged as a new, growing threat (seven percent), while network viruses and disruption of operations fell slightly to less than 10 percent from 2015.
The study also found that there is a growing need for companies to improve employee education and training on data security. Two in 10 companies do not have an employee awareness training program, while 15 percent don’t require any training for employees.