Consumers trust banks most with their personal data, 68% still fear identity theft

People trust banks and other financial entities to safeguard their personal data more than other organizations. New nCipher Security research also illustrates how easily that trust can be eroded, along with Americans’ personal data protection concerns relative to banking and digital payments. Consumers trust banks most The survey results show that people trust the financial…

Where data privacy executives plan to focus their strategies and budgets

Adapting to an increasingly volatile regulatory environment is the top priority for privacy executives, with only approximately four in 10 confident in their current abilities to keep pace with new requirements, according to a Gartner. Conversations with Gartner clients and Gartner’s annual survey data reveals where data privacy executives plan to focus their strategies and…

Legacy infrastructures and unmanaged devices top security risks in the healthcare industry

The proliferation of healthcare IoT devices, along with unpartitioned networks, insufficient access controls and the reliance on legacy systems, has exposed a vulnerable attack surface that can be exploited by cybercriminals determined to steal personally identifiable information (PII) and protected health information (PHI), in addition to disrupting healthcare delivery processes. Published in the Vectra 2019…

Consumers have few legal options for protecting privacy

There are no promises in the words, “We care about user privacy.” Yet, these words appear on privacy policy after privacy policy, serving as disingenuous banners to hide potentially invasive corporate practices, including clandestine data collection, sharing, and selling. This is no accident. It is a strategy. In the US, companies that break their own…

A casual approach to workplace communications presents major security risks

Workers are comfortable sharing personal, sensitive and confidential information over chat platforms. They practice risky digital habits, and don’t care if their communications are leaked. Symphony Communication Services Workplace Confidential Survey, which polled over 1,500 workers in the U.S. and U.K., examined the growth of new collaboration tools and platforms entering the workplace. The findings…

Scientists may have identified a new way to improve network security

With cybersecurity one of the nation’s top security concerns and billions of people affected by breaches last year, government and businesses are spending more time and money defending against it. Researchers at the U.S. Army Combat Capabilities Development Command’s Army Research Laboratory, the Army’s corporate research laboratory also known as ARL, and Towson University may…

79% of organizations want a federal privacy law amid lack of compliance

There is a significant enthusiasm for a federal privacy law amid organizations’ lack of ability to comply with data privacy rules stemming from both mushrooming government regulations and complex data sharing agreements between companies. Organizations are also overconfident in knowing where private data resides, and tend to use inadequate tools such as spreadsheets to track…

Encryption deployment increases as organizations struggle to address compliance requirements

As organizations embrace the cloud and new digital initiatives such as the IoT, blockchain and digital payments the use of trusted cryptography to protect their applications and sensitive information is at an all-time high. With corporate data breaches making the headlines on an almost daily basis, the deployment of an overall encryption strategy by organizations…

Organizations investing in security analytics and machine learning to tackle cyberthreats

IT security’s greatest inhibitor to success is contending with too much security data. To address this challenge, 47 percent of IT security professionals acknowledged their organization’s intent to acquire advanced security analytics solutions that incorporate machine learning (ML) technology within the next 12 months. Such investments help to mitigate the risks of advanced cyberthreats missed…