Sixty-six percent of data protection leaders admit that employees are the weakest link in an enterprise’s security posture, and 55 percent of organizations have had a security incident or data breach due to a malicious or negligent employee, according to the Ponemon Institute’s report on Managing Insider Risk through Training and Culture.
Formed in 1936, Nationwide’s corporate security department has had the same mission since its inception: “To help our company do business safely by filling a safety consultative role with the business leaders,” says Jay Beighley, Associate Vice President of Corporate Security.
IT security is complicated enough. The widespread adoption of BYOD mobile devices and the overall consumerization of IT promise to complicate security efforts exponentially. Are companies up to the challenge?
More than 40 percent of respondents in an Experian Data Breach Resolution survey said that they feel that monitoring financial transactions for fraud is too time-consuming, and 71 percent of respondents say they rely heavily on their bank or card issuer alerting them to fraud.
The number of data breaches tracked in 2014 hit a record high of 783, according to a report from the Identity Theft Resource Center, sponsored by IDT911. This represents a 27.5-percent increase over the number of breaches reported in 2013, and an increase of 18.3 percent over the previous high of 662 breaches tracked in 2010.
