According to a CardHub survey of 55 major retailers and 1,000 individuals, 42% of retailers have not updated the terminals in any of their stores and 56% of people don’t care if a retailer’s payment terminal is chip-enabled.
The majority of business decision makers admit that their organization will suffer an information security breach and that the cost of recovery could start from around $1 million.
The latest research on Cyber Resilience from the Ponemon Institute shows that 79 percent of security executives reported that they aren’t prepared for a cybersecurity incident.
The number of cyberattacks where malware holds user data “hostage” is expected to grow in 2016 as hackers target more companies and advanced software is able to compromise more types of data.
While an increasing number of companies have a basic data breach response plan in place, many plans do not cover important steps and executives lack confidence in their ability to manage a major breach, according to a new study.